PPG announced Thursday that it has completed the acquisition of Ozark Materials, a U.S. provider of pavement marking solutions, from Ingevity Corporation.
The all-cash transaction includes a purchase price of $65 million, subject to customary adjustments.
Ozark Materials serves customers across the U.S. and Canada. The company has approximately 130 employees and customer relationships that align closely with PPG’s Traffic Solutions business.
“This acquisition strengthens our business by enhancing our ability to serve customers throughout North America with high-quality pavement marking solutions,” said Tom Maziarz, PPG vice president of traffic solutions, in a statement. “Ozark Materials has strong operational capabilities and a team with deep industry experience. We look forward to integrating the business into PPG.”
PPG officials said the transaction advances its strategy to expand its pavement marking business and bolster its ability to deliver solutions for a range of public- and private-sector customers.
