PPG Industries, Pittsburgh, has reached a definitive agreement to acquire substantially all of the assets of Hi-Temp Coatings Technology Co. Inc., Boxborough, Mass. Hi-Temp is a global supplier of coatings that withstand extreme temperatures to protect carbon steel and stainless steel substrates. The coatings are used widely in refineries, petrochemical plants, pulp and paper mills, and power plants.
Hi-Temp’s products include HI-TEMP 1027, the industry-leading corrosion under insulation (CUI) coating. It can be applied while equipment is hot and in operation, reducing facility downtime during maintenance.
“PPG looks forward to integrating Hi-Temp coatings into our product offerings,” said Tim Knavish, PPG vice president, protective and marine coatings. “Hi-Temp’s unique technologies bring multiple growth opportunities to PPG, particularly in the petrochemical segment. Combining their excellent corrosion-under-insulation coatings portfolio with PPG’s legacy portfolio enables us to provide additional high-quality options to meet more of our customers’ coating needs.”
