PRESS RELEASE
Issued by: PPG Industries Inc.
PPG Industries announced today that it has reached a definitive agreement to acquire Cuming Microwave Corporation based in Avon, Massachusetts, and its wholly-owned subsidiary Cuming-Lehman Chambers, Inc., based in Chambersburg, Pennsylvania. The transaction is expected to close in the third quarter, subject to customary closing conditions. Financial terms were not disclosed.
Cuming Microwave is a global supplier of specialty coatings and materials that absorb microwaves and radio waves, such as radar. The company's products are used in military aircraft and have applications in end-uses such as electronics, telecommunications, medical and automotive. The company employs about 160 people, operates three manufacturing facilities in Avon and maintains an office in Chambersburg.
“Acquiring Cuming Microwave will enable us to serve customers around the world with an enhanced product portfolio,” said Barry Gillespie, PPG vice president, aerospace. “The company's technologies complement and expand PPG's portfolio of products for the military and aerospace segments. Cuming Microwave products also represent a new and unique offering for customers across PPG's businesses.”
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| PPG Industries Inc. | |
| PPG : Cuming Microwave Products | Adhesives, Conductive Adhesive, Epoxy Adhesive, Silicone Adhesive |
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| Coatings |
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