“With the acquisition of Hi-Temp and its unique technologies, we offer even more high-quality solutions for a variety of customers, including those in the petrochemical industry,” said Tim Knavish, PPG vice president, protective and marine coatings. “We look forward to leveraging these products for multiple growth opportunities for PPG’s business.”
The American supplier of paints, coatings and chemicals, PPG Industries, has acquired all of Hi-Temp Coatings Technology Co. assets. Hi-Temp is a privately owned supplier of high-temperature resistant and insulative coatings based in Boxborough, Massachusetts.
With this acquisition, PPG will strengthen its protective and marine coatings business because it will now have coatings that are able to withstand extreme temperatures to protect both carbon steel and stainless steel substrates. These types of coatings are often used in refineries, petrochemical plants, pulp and paper mills and power plants.