PPG Finishes the Acquisition of Specialty Material Producer Dexmet
- Published | 30 August 2019
The acquisition done by PPG will help the company to expand its business across the globe
Global: PPG had completed
its acquisition of Dexmet Corporation, a manufacturer of specialty materials
for surfaces in aerospace, automotive and industrial applications. Sverica
Capital Management proclaimed the signing of a purchase agreement to sell
Dexmet to PPG. This marks the culmination of a positive partnership with
Dexmet, during which the company experienced strong growth over Sverica's
six-year investment period. The acquisition of Dexmet will enable PPG to
deliver further value to customers by enhancing its range of product offerings,
expanding research and development capabilities, and increasing market reach
across aerospace, automotive and industrial coatings businesses.
According to
BlueWeave Consulting, The rise in the striking of automation mode of
packaging benefits over traditional methods coupled with the delivery of
real-time diagnostics & performance information and need of safety concerns
are vital factors expected to encourage the growth of the Global Packaging
Automation Market in the upcoming period. Rising demand for complete packaging
line from end-users, shift in purchasing trends, improving labor productivity,
ensuring quality, and reducing packaging and storage costs will fuel the growth
of the Packaging Automation Market. Also, the application of the automation
system in packaging will enhance packaging processes, delivering high-quality
products, increase manufacturing productivity, improve customer service, and
efficient management of packaging processes will boost the market. Consumers
are steadily focusing on sustainable packaging owing to the growing consumer awareness
about the wastage caused by the packaging material. Furthermore, rising
disposable income, large population, and technological advancement boosting the
demand for packaging in numerous industries.
According to BlueWeave Consulting upcoming reports “Global
Packaging Automation Market Size, By Product Type (Automated Packagers,
Packaging Robots, And Automated Conveyors & Sortation Systems), By
Application (Wrapping, Capping, Filling, Labeling, Palletizing, And Others), By
End-Use-Industry (Food & Beverage, Healthcare & Pharmaceutical,
Automotive, E-Commerce & Logistics, Chemicals, And Others), By Region
(North America, Europe, Asia Pacific, Middle East & Africa And Latin
America); Growth Potential, Trends Analysis, Competitive Market Size And
Forecast, 2019-2025”
The Global
Packaging Automation market is estimated to grow at a significant rate, during
the forecast period 2019-2025. Packaging Automation is the process of packaging
a product without human assistance. They can be as simple as automatically forming
and sealing cartons to fully automated packaging lines that seal stack and
unitize entire pallets of goods. These automated packaging machines provide
smart workflows and eliminate redundant tasks, allowing them to do more with
less.
Despite numerous packaging solutions,
glass-packaging industry presents promising growth prospects and expected to
have upward trend over the forecast period 2019-2025. Glass is one of the most
trusted packaging materials in terms of health, taste and the environment
safety. Glass is the most commonly used packaging material in various
industries like pharmaceutical, food & beverage, and personal care. Owing
to its high quality like reusability, heat resistivity, sterility, and zero
affinity toward chemicals.
The Global Paints and Coatings Market is
expected to grow at a significant rate, during the forecast period 2019-2025.
Paints and Coatings Paint is a substance that consists of a pigment suspended
in a liquid or paste vehicle such as oil or water to thin coat to various
surfaces such as wood, metal, or stone. Its primary purpose is to protect the
surface to which it is applied, paint also provides decoration. It is used for interior and exterior house
painting, boats, automobiles, planes, appliances, furniture, and many other places
where protection and appeal are desired.
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