PPG to acquire ICR, manufacturer of automotive refinish and light industrial coatings


PPG has reached a definitive agreement to acquire Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. The transaction is expected to close in Q1, 2020, subject to customary closing conditions. Financial terms were not disclosed.

Founded in 1961, ICR is based in Italy and manufactures automotive refinish products, including putties, primers, base-coats and clear coats under the SPRINT® brand. The company also makes a complete range of coatings, enamels and primers for light commercial vehicles and other light industrial coatings applications. ICR employs approximately 180 people and sells its products in more than 70 countries in Europe, Africa, the Middle East, the United States and Latin America.

“PPG’s acquisition of ICR will complement our current product offering for the automotive refinish and light industrial coatings industries and add specialised, value-added products that address the needs of distributors and body shops,” said Gary Danowski, PPG VP, Global Automotive Refinish. “We look forward to continuing to deliver the trusted products and services upon which ICR customers have come to rely and we are very excited to welcome ICR employees to PPG.”


Share this page
  • Forthcoming Issue

    Coming up in the February 2020 issue

    • Biocides
    • Mergers & Acquisitions
    • Protective Coatings
    • Resins
    • Middle East Country Focus
    • MECS 2020 Catalogue

    Bonus distribution
    Middle East Coatings Show 2020

    Publication date: Fri 7th Feb 2020
    Editorial deadline: Mon 2nd Dec 2019
    Advertising deadline: Wed 15th Jan 2020

    For information on forthcoming editorial features and deadlines please click here.

Sister publication