Pittsburgh-based PPG recently divested its Traffic Solutions operations in Australia and New Zealand to Swedish-based Geveko Markings, a pavement markings specialist, for an undisclosed amount.
“We are laser-focused on driving business growth, and we regularly review our portfolio to ensure we are in the best position to continue meeting our customers’ needs and growing profitably,” Ed Baiden, PPG global general manager of Traffic Solutions, said. “We want to concentrate our investments on strategic growth areas so that we may continue to be a leader in the industry as a premier provider of traffic safety product solutions.”
Included in the transaction are sales offices in Sydney, Australia, and Auckland, New Zealand; warehouses in Brisbane and Perth, Australia, and Auckland, New Zealand; a production facility in Dandendong, Australia; and a production, quality control and research and development facility in Ingleburn, Australia.
PPG established the Traffic Solutions business in January 2021 after completing the purchase of Ennis-Flint, a pavement marking solutions company.
PPG’s ENNIS-FLINT brand is a manufacturer and supplier of a broad range of traffic safety product solutions.
PPG operates in more than 70 countries, serving the construction, consumer products, industrial, and transportation markets and aftermarkets. In 2022, the company reported net sales of $17.7 billion.