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PPG to buy German automotive coatings maker Hemmelrath

PPG Industries Inc. said it will acquire German automotive coatings manufacturer Hemmelrath Lackfabrik GmbH.

The acquisition will enhance the Pittsburgh-based specialty chemicals firm's automotive coatings offering and add formulating and manufacturing solutions, said Rebecca Liebert, PPG senior vice president of automotive coatings.

The deal is expected to close in the first half, subject to customary closing conditions.

Financial terms of the transaction were not disclosed.