Stainless Steel Substrates News

PPG Industries announced that it has reached a definitive agreement to acquire substantially all of the assets of Hi-Temp Coatings Technology Co., Inc., a privately-owned supplier of high-temperature-resistant and insulative coatings, based in Boxborough, Mass. The transaction is expected to close in the first quarter, subject to customary closing conditions. Financial terms were not disclosed. Hi-Temp is a global supplier of coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates.

PPG protective and marine coatings business enters multi-year strategic partnership. PPG Industries’ (NYSE:PPG) protective and marine coatings business (PMC) has signed a global distribution agreement with Hi-Temp Coatings Technology Co. for select HI-TEMP(R) branded products. Hi-Temp Coatings Technology manufactures industry-leading coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates in stacks, piping, boilers and similar equipment.