PPG Industries has announced that it has completed the purchase of European coatings company Dyrup, a European producer of architectural coatings and specialty products, from its owner Monberg & Thorsen.

The final transaction value, including assumed debt, was €115 million, subject to customary post-closing adjustments.

“We are pleased to begin the processes of integrating Dyrup and its many highly skilled employees into our European business and of securing the future for Dyrup’s brands and customers,” said J. Rich Alexander, PPG Executive Vice President.

Dyrup, based in Copenhagen, Denmark had 2010 sales of approximately €190 million and operates six manufacturing facilities in Europe.