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Monday, 23 September 2019
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Markets & companies, Coatings market

PPG submits offer to acquire majority interest in sealants businesses of Le Joint Francais

Thursday, 5 February 2015

PPG Industries announced that it has submitted an offer to acquire a majority interest in the aerospace and automotive sealants businesses of Le Joint Français (LJF).

LJF is a supplier of sealants and adhesives products for the aerospace and automotive industries and has been a long-term licensee of PPG’s aerospace sealant technology.

Forming a new, separate entity

LJF’s aerospace and automotive sealants businesses would be spun-off to form a new, separate entity, of which PPG would be the majority owner. PPG anticipates closing the transaction in the second half of 2015, following completion of the French works council consultation process, receipt of regulatory approvals and satisfaction of other customary closing conditions. Financial terms were not disclosed.

LJF is a supplier of sealants and adhesives products for the aerospace and automotive industries. Source: trailfan/Fotolia

LJF is a supplier of sealants and adhesives products for the aerospace and automotive industries. Source: trailfan/Fotolia

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