PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has completed the sale of its Mexico-based Plaka plasterboard and cement-board business to Knauf International GmbH. Financial terms were not disclosed.
PPG acquired the Plaka business in 2014 as part of its acquisition of Consorcio Comex, S.A. de C.V. 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 two manufacturing facilities in Querétaro, Mexico.
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