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PPG Completes Acquisition of Coatings Manufacturer VersaFlex

PPG Completes Acquisition of Coatings Manufacturer VersaFlex
financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.

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Svante raises US$75 million to decarbonise cement and hydrogen production

The company has announced that it has successfully closed US$75 million of Series D equity financing, the largest private investment into point source carbon capture globally to date. ....

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Svante Raises $75 Million to Decarbonize Cement and Hydrogen Production

Press release content from Business Wire. The AP news staff was not involved in its creation.
Svante Raises $75 Million to Decarbonize Cement and Hydrogen Production
February 2, 2021 GMT
Svante Raises $75 Million to Decarbonize Cement and Hydrogen Production (Photo: Business Wire)
VANCOUVER, British Columbia (BUSINESS WIRE) Feb 2, 2021
Svante Inc. announced that it has successfully closed USD $75 million of Series D equity financing, the largest private investment into point source carbon capture globally to date. The financing was led by Temasek and includes strategic investors Chart Industries (’’Chart”) (NYSE: GTLS), Carbon Direct and Export Development Canada (EDC). Existing investors OGCI Climate Investments, BDC Cleantech Practice, Chevron Technology Ventures, The Roda Group and Chrysalix Venture Capital also participated in the round, reflecting strong on-going support for the Company, including its market strategy and recent progress. ....

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PPG to Acquire Coatings Manufacturer VersaFlex

Press release content from Business Wire. The AP news staff was not involved in its creation.
PPG to Acquire Coatings Manufacturer VersaFlex
January 5, 2021 GMT
PITTSBURGH (BUSINESS WIRE) Jan 5, 2021
PPG (NYSE:PPG) today announced that it has reached a definitive agreement to acquire VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure, and industrial applications. VersaFlex is a portfolio company of DalFort Capital Partners. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions. Financial terms were not disclosed.
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“VersaFlex’s attractive segment mix with strong growth outlook, unique product offering, broad expertise, and manufacturing capabilities in polyurea and flooring coatings will complement and expand upon PPG’s current product offering,” said Ram Vadlamannati, PP ....

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