PPG completes acquisition of coatings manufacturer VersaFlex

PITTSBURGH — PPG has completed its acquisition of VersaFlex from DalFort Capital Partners. VersaFlex specializes in polyurea, epoxy and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure and industrial applications. Financial terms were not disclosed.

VersaFlex is an aggregation of four U.S.- based protective coatings companies, consisting of legacy VersaFlex, Raven Lining Systems, Milamar Coatings and Specialty Products Inc. The company has approximately 130 employees and three manufacturing sites located in Kansas, Oklahoma and Washington. Its full 2020 revenue was approximately $70 million.