PPG Industries, Inc. (NYSE: PPG) is planning to buy Ennis-Flint in a deal valued at nearly $1.15 billion. The decision to acquire Ennis-Flint will increase the opportunities in technology solutions. This new addition will expand the existing mobility technology of PPG Industries Inc. Both the firms will work together to increase the production shipping on a large scale.
The firm will give additional details related to business accquisition. The deal will be executed after fulfilling certain closing conditions. Ennis-Flint is a leader in traffic safety solutions and pavement markings. Ennis-Flint operates nearly 1,000 people around the world. It has been revealed that its full-year of 2020 revenue is anticipated to be nearly $600 million.