PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has reached a definitive agreement with private equity firm Sverica Capital Management LP to acquire Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. The company is a leader in several critical application areas, including aircraft lightning strike protection. The transaction is expected to close in the third quarter 2019, subject to customary closing conditions. Financial terms were not disclosed. “The acquisition of Dexmet will enable PPG to provide further value to our customers by enhancing our range of product offerings, expanding our research and development capabilities, and increasing our market reach across PPG’s aerospace, automotive and industrial coatings businesses,” said Michael McGarry, PPG chairman and chief executive officer. Dexmet, headquartered in Wallingford, Connecticut, was founded in 1948. The company specializes in customized, highly-engineered, expanded and perforated metal foils and polymers used for mission-critical applications in aerospace, energy storage, and other industrial applications. Dexmet employs approximately 75 people. “The Dexmet team is excited to become part of the PPG family," said Timothy Poor, Dexmet chief executive officer. "PPG's technological leadership and commitment to innovation aligns well with Dexmet and will enable us to significantly broaden the solution set we bring to our customers." “Dexmet’s leadership in aerospace surface technologies will provide strategic additions to the broad portfolio of aerospace coatings we deliver today, and PPG’s research and development team will leverage Dexmet’s expertise in ultra-thin metal mesh foil and polymer mesh across the markets we serve,” said Daniel Korte, PPG global vice president, aerospace. “In addition, Dexmet’s customer-focused business model is highly complementary to PPG’s business, allowing for a seamless integration process.” PPG: WE PROTECT AND BEAUTIFY THE WORLD™ At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.4 billion in 2018. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com. The original press release can be found on the PPG Website, please visit the PPG website to read the original press release in it's entirety.
The 2019 JEC World Trade Show and Conference is the largest composites event in the world, to be held at the Paris Nord Villepinte Exhibition Center, in Paris, France on March 12-14, 2019. The JEC trade show and exhibit bring together more than 1,300 exhibitors from over 115 countries, has over 43,000 visitors/attendees, includes 27 regional and international pavilions, and over 150 conference sessions that feature and discuss many of the established and new materials, machinery, services, software, and services that are shaping the global composites industry today. Those attending JEC World will be focusing on what it considers the hottest topics in the industry: additive manufacturing, aerospace, architecture and construction, automotive, simulation/design, sports, and leisure. Dexmet has proudly exhibited at JEC for close to a decade, each year our focus is to help those attending understand the resources and innovation that companies like Dexmet pour into research and the development of new materials that are implemented and used in the growing field of composites. Dexmet has spent considerable effort in the development and fabricating of expanded materials that are used by manufacturers of composite materials and end-products that are engineered and implemented in automotive, aerospace, cathodic protection, shielding, and power applications in both the commercial and consumer space. The JEC show floor will also have four “Innovation Planets”. These are highly focused display areas featuring aerospace, auto and transport, construction and energy, sports and life style (which includes energy, sustainability, medical and other markets). The Planets allow companies or R&D centers to present novel and innovative parts or finished products to OEMs and suppliers visiting the show and reflect the latest trends in each industry area. Many of the companies that are showcasing their finished or end-products have sought out solutions from Dexmet to help implement expanded materials in their composites to create materials that are lighter, resistant to lightning strikes, provide protection from outside sources of electromagnetic interference (EMI shielding), and that can conform readily to complex surfaces. One of the best features of the show is the Composites Industry Circles, the goal is to unite decision makers in the global automotive, aerospace and construction industries around the development of composite materials in their respective sector and to provide end users with the latest information, trends and experience on composite materials from the entire value chain. Dexmet is at the forefront working with many industry leaders in the aerospace, and automotive sectors in the development of materials that are designed for use in the protection of composite-based aircraft, aircraft components, and hybrid-composites wind blades. This year there are also six technical conferences, that span a three-day period. To learn more about the conference click on this link JEC technical conferences. We at Dexmet hope that you enjoy the JEC Conference, and we wish to extend a warm invite for those who wish to attend, please head to: http://registration.jec-world.events/Compte.aspx?idlangue=en&action=te to register for JEC World 2019, when registering, you will see words: Promotional code, just enter “EXPFREEJW19VF”, no quotes for your free registration to JEC World 2019. Remember to stop by Dexmet and get a chance to talk to our team. Dexmet will be at stand# L58, in Hall 5.
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This Interview with the president of Dexmet appeared a few months back in the AirInsight website, a commercial aviation consultancy. We thought that we would post it here as well but we have also posted the link to the original interview before the article: