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PPG Industries Acquires NanoProducts

Photonics Spectra
Apr 2008
PPG Industries Inc. of Pittsburgh has acquired the assets and intellectual property of NanoProducts Corp. Based in Longmont, Colo., the nanoparticle technology company has numerous patents and operates pilot facilities for the development and manufacture of unique nanoparticles. The acquisition is expected to strengthen PPG Industries’ nanotechnology patent portfolio and its position in the nanoengineered materials market. Terms of the transaction were not disclosed.


GLOSSARY
nanotechnology
The use of atoms, molecules and molecular-scale structures to enhance existing technology and develop new materials and devices. The goal of this technology is to manipulate atomic and molecular particles to create devices that are thousands of times smaller and faster than those of the current microtechnologies.
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