Ppg to acquire International Polarizer

Ppg Industries has reached an agreement to acquire the business of International Polarizer, a privately held film manufacturer for sun lens applications.

Though terms of the agrrement wer not released, Ppg officials said they would continue to operate business under the International Polarizer name.

'We are excited about this acquisition and the opportunity it presents Ppg to expand its presence in the optical materials business to better serve the industry', Richard Elias, Ppg's vice president of optical products said. 'Dr Phillips is a respected physicist and author, and we welcome his continued participation'.

Dr Phillips, owner of International Polarizer, will remain as president of the business, reporting to Richard C. Elias.

'Ppg will bring considerable resources to International Polarizer', Richard Phillips said. 'They have a wealth of experience in optical materials and coatings, and manufacturing. With Ppg's help we will take the next step in the company's growth'.