PPG to Purchase European Coatings Company Dyrup
Dyrup is a European producer of architectural coatings, in particular wood stains, and specialty products with 2010 sales of approximately €190 million ($270 million). It employs about 950 people and operates six manufacturing facilities in Europe. Dyrup’s strong portfolio of brands (in particular wood stain and paint), including Bondex, Gori and Xylophene, is sold primarily in Denmark, France, Germany, Portugal, Poland and Spain through professional and do-it-yourself channels.
“The acquisition of Dyrup would expand PPG’s European architectural coatings business by extending our geographic presence in the region and by bolstering our wood care product offerings, an end-user segment where we today have a modest presence,” said Pierre-Marie De Leener, PPG executive vice president, Architectural Coatings – EMEA (Europe, Middle East and Africa), and president, PPG Europe.
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