PPG Industries acquired Futian Xinshi (assets), a transaction completed in January 2017.
Futian Xinshi (assets) operates in Automotive refinish coatings, is based in Guangdong province, China. Certain assets of Futian Xinshi (Futian), an automotive refinish coatings company based in the Guangdong province of China, distributing through a network of more than 200 distributors.
Automotive refinish coatings
On January 20, 2017, PPG announced that it has acquired certain assets of automotive refinish coatings company Futian Xinshi (Futian), an automotive refinish coatings company based in the Guangdong province of China.PPG FY16 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.