PPG Industries acquires Hi-Temp Coatings Technology PPG Industries announced that it has reached a definitive agreement to acquire substantially all of the assets of Hi-Temp Coatings Technology, a privately-owned supplier of high-temperature-resistant and insulative coatings. The transaction is expected to close in Q1, subject to customary closing conditions. Financial terms were not disclosed.
PPG Industries sees 2015 FX cutting revenue $650M-$750M Sees 2015 FX cutting earnings $65M-$75M. Impact seen more prevalent in Q2, Q3 due to seasonality of businesses. FY15 EPS consensus $11.51, FY15 revenue consensus $16.81B. Guidance from slides presentation.