# PPG Industries to acquire Romanian paint manufacturer Deutek

PPG Industries has reached an agreement to acquire Deutek S.A., a Romanian paint and coatings manufacturer. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2016-11-03
- Where: Romania
- Value: $170.0M
- Status: announced
- Products: paint and coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PPG Industries](https://endata.com/companies/1219.md)
- [PPG Industries](https://endata.com/companies/1219.md) (acquirer)
- [Deutek](https://endata.com/companies/19534.md) (target)
- [Nan Ya Plastics](https://endata.com/companies/19728.md) (acquirer)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/ppg-to-buy-deutek/), 2016-11-03: "PPG Industries Inc says has reached an agreement with emerging Europe accession fund to acquire Deutek S.A."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5236751/ppg-completes-stake-sale-in-two-pfg-fiberglass-joint-ventures-to-nan-ya-plastics-), 2016-11-22

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.