PPG - PPG divests Eberle Design business

PPG (NYSE:PPG) has divested traffic equipment manufacturer, Eberle Design (EDI). Vance Street Capital acquired the business and will incorporate it into its Intelligent Transportation Systems (ITS) platform. Terms of the transaction were not disclosed. EDI produces electronic control system components used for managing traffic safety and detecting vehicles at intersections. It employs around 150 people and operates from a single location in Phoenix, Arizona. PPG acquired the business in Dec. 2020, along with the Ennis-Flint business. Ennis-Flint continues to be the core of PPG's Traffic Solutions business unit and is not impacted by the sale.

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PPG divests Eberle Design business