PPG Industries has completed its acquisition of a majority interest in the aerospace and automotive sealants and adhesives business of Le Joint Français (LJF), a long-term licensee of PPG’s aerospace sealant technology.
The new joint venture is called Sealants Europe SAS. “We are excited about the potential benefits that Sealants Europe SAS holds for customers and our business,” said Michael McGarry, PPG president and chief executive officer. “This venture will deliver enhanced service to our aerospace customers in the region, greater reach to supply sealants and adhesives, and an expanded automotive products portfolio.”
Financial terms of the deal have not been disclosed.
Sealants Europe SAS employs more than 200 people and operates in Bezons, France. LJF is based in France and is part of the Hutchinson Group, a world leader in sealing systems, vibration, acoustic and thermal insulation, fluid transfer systems, transmission and mobility.