PPG divests business activities in Africa to Océinde
PPG has agreed to divest certain business activities in Senegal, Ivory Coast, Cameroon, Gabon and Algeria to Océinde, an industrial group based in Réunion, France.
Océinde will continue to offer the existing range of products through a licensing and distribution agreement. PPG employees in the countries concerned will join Océinde. In addition, Olivier Bouin, currently PPG general manager, Architectural Coatings Africa French Overseas and Suriname, will join Océinde as General Manager for the Trade Architectural Coatings market in Africa.
“Growing African market”
“We are proud of the trust shown by PPG as well as all the employees who are joining us today,” said Nassir Goulamaly, CEO of Océinde. “We have been investing for decades in the innovation of architectural coatings dedicated to the growing African market and this agreement will help us support that.
