The recent announcement of PPG’s acquisition of Cetelon Lackfabrik GmbH is seen as a win-win for both organisations. Founded in 1948 in Stuttgart, Germany, Cetelon develops and manufactures a wide range of coating systems for automotive and light truck wheel applications, including certain proprietary technologies.
The company employs approximately 95 people globally and operates production and sales offices in Ditzingen, Germany, from which it serves many leading wheel suppliers worldwide. Cetelon became part of the Berlac Group in 2011. “The sale of Cetelon to PPG is a great result for both companies,” said Daniel Kesselring, Chairman, Berlac Group. “While PPG gains Cetelon’s long-standing expertise in the wheel industry, Cetelon will benefit from a highly complementary product offering and from PPG’s global reach.”
Rebecca Liebert, PPG Executive Vice President added, “The strategic acquisition of Cetelon will allow PPG to further build upon its existing coatings product portfolio, liquid and powder coating technologies and colour matching capabilities. Cetelon’s long-standing and established customer relationships will be complementary to PPG’s existing customer base and global presence and will allow us to continue to deliver industry-leading solutions and drive growth within the transportation industry.”