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PPG Acquiring Global Coatings Manufacturer Wörwag

Wörwag specializes in developing sustainable liquid, powder and film coatings

The transaction is expected to close in the first quarter of 2021. Financial terms were not disclosed.

The all-cash transaction is expected to close in the second quarter of 2021, subject to customary closing conditions.

The transaction, valued at approximately $1.15 billion, is expected to close within the next few months

Maroon Group's management team, including CEO Terry Hill, will continue to run the operations.

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