PITTSBURGH, US: PPG Industries Inc has reached a definitive agreement to sell the assets of its Mexico-based Plaka plasterboard and cement-board business to Knauf International GmbH. The transaction is expected to close in the first half of 2017.
PPG acquired the Plaka business in 2014 as part of its acquisition of Comex SA de CV Plaka. With approximate sales of $30 million in 2015, manufactures plasterboard, cement board and drywall primarily for the Mexican construction market. The business employs about 200 people and operates a manufacturing facility in Queretaro, Mexico.
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