News

PPG purchases Kansas City manufacturer

PPG Industries recently completed the acquisition of VersaFlex, a Kansas City specialty coatings company, from DalFort Capital Partners for an undisclosed amount.

The purchase is part of PPG’s commitment to expand its technology portfolio.

VersaFlex provides customers with geo-stabilization foams, containment solutions, waterproofing, sealants, protective coatings, and insulating products. It serves multiple industries, including industrial, construction, oil and gas, water and wastewater, transportation infrastructure, power, agricultural, food and beverage, and original equipment manufacturers.

Global demand for coatings will increase in many end-use markets, PPG forecasted in January. The company also forecasts sales volume for the first quarter to be flat.

Founded more than 46 years ago, VersaFlex is an aggregation of four U.S.-based protective coatings companies: Milamar Coatings, Raven Lining Systems, Specialty Products, and legacy VersaFlex.

VersaFlex operates three manufacturing sites and employs approximately 130 people. Revenue was approximately $70 million in 2020.

Dallas-based DalFort Capital Partners is a sector-focused investment firm. It specializes in partnering with entrepreneurs and management teams in the lower middle market and works by identifying and executing strategic add-on acquisitions that enhance companies’ relationships with existing customers and expand reach into new markets.

PPG is headquartered in Pittsburgh and operates in more than 70 countries, and net sales in 2020 totaled $13.8 billion.

Melina Druga

Recent Posts

Bill package focuses on energy savings for Pennsylvania consumers

A bill package recently introduced in the state House of Representatives focuses on savings for…

19 hours ago

Energy groups oppose proposed methane fee rule

The American Petroleum Institute (API) and more than a dozen other U.S. oil and natural…

19 hours ago

Chamber of Commerce for Greater Philadelphia names new chairman

The Chamber of Commerce for Greater Philadelphia recently named Gregory E. Deavens as the next…

19 hours ago

Gov. Shapiro’s budget would increase deficit, drain reserves, fiscal watchdogs say

Financial watchdogs who have scrutinized Pennsylvania Gov. Josh Shapiro’s 2024-25 budget say the proposal’s excessive…

1 day ago

Kraft Heinz receives $170M energy grant from DOE’s Office of Clean Energy Demonstration

The U.S. Department of Energy’s Office of Clean Energy Demonstration recently awarded the Kraft Heinz…

2 days ago

Legislation would expand 529 TAP Tax Credit

The state House of Representatives recently advanced House Bill 1745, bipartisan legislation that would expand…

2 days ago

This website uses cookies.