PPG has completed its acquisition of Ennis-Flint.
Ennis-Flint is a global leader in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems.
The company has approximately 1000 employees globally, with a network of manufacturing facilities within the United States, Europe, South America, Australia and Asia.
Ennis-Flint’s full year of 2020 revenue is expected to be approximately US$600M, with mid-teen percentage EBITDA margins.
PPG will provide additional details relating to the business acquisition, including acquisition-related financial impacts, during the company’s fourth quarter earnings conference call in January 2021.