PPG recently announced that it has purchased the remaining 50% ownership interest in its Asian joint venture comprising IVC (Malaysia) Sdn Bhd and IVC-OPS (Singapore) Pte. Ltd. from its joint-venture partner, Omni-Plus System Pte. Ltd. Financial terms were not disclosed. The IVC joint venture was established in 2008, and mainly provides industrial coatings to the appliance and electronics-materials sectors. It reportedly had sales of less than $10 million as an equity affiliate of PPG in 2016. Included in PPG’s purchase of the remaining 50% ownership interest in the IVC joint venture (including both the Malaysia and Singapore entities) are all machinery and equipment, working capital, property leases, customer list and relationships, and distribution and territorial rights in Asia. Moreover, all joint-venture employees, of whom there are fewer than 10, will become PPG employees. “This transaction is an important follow-up to PPG’s 2015 acquisition of IVC Industrial Coatings Inc., which is now fully integrated into our industrial coatings business. The IVC products, operations and employees we added through that transaction have helped strengthen our business,” said Shelley Bausch, PPG vice president, global industrial coatings. “We look forward to fully integrating the Asian IVC joint venture as well, so we can further enhance PPG’s ability to deliver value to our industrial coatings customers.”