PPG Industries and its subsidiary, PPG Colombia, have entered into an agreement to purchase the coatings businesses of Colpisa Colombiana de Pinturas, a privately owned Colombian coatings company and its affiliates, including Colpisa Ecuador. The transaction is expected to close no later than the end of the first quarter of 2012.

Colpisa, based in Itagüi, near Medellin, Colombia, was founded in 1973. It manufactures and distributes coatings for automotive, refinish, industrial and architectural coatings customers in Colombia and Ecuador.

“By acquiring Colpisa, PPG builds on a successful relationship and gains the opportunity to expand our coatings presence in Colombia to directly serve and grow with automotive manufacturers,” says Tim Knavish, PPG Vice President, automotive coatings, Americas.