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Company positioned to be world leader in nanotechnology
PPG Industries (NYSE:PPG) has acquired the assets and intellectual property of NanoProducts Corporation, Longmont, Colo., a producer of nanoproduct materials and a developer of nanoproduct technology. Terms were not disclosed.
The nanoparticle technology company has an extensive patent estate and operates pilot facilities for the development and manufacture of unique nanoparticles.
"This acquisition significantly strengthens PPG‘s nanotechnology patent portfolio and positions us as a world leader in nanoengineered materials," said James A. Trainham, PPG vice president, science and technology. "With these new materials, PPG can offer its customers and development partners unique, high-value solutions. PPG will also license nanotechnology solutions, particularly in areas outside its existing businesses."
PPG's nanotechnology solutions include a number of patented innovations such as thin-film, optically clear nanocomposites for scratch and mar protection as well as the reflection of infrared (IR) and ultraviolet (UV) light from glass.
Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has more than 150 manufacturing facilities and equity affiliates and operates in more than 60 countries. Sales in 2007 were US$11.2 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG).
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Betsy Mallison Bialosky
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