Industry
Real Estate Advisors
Target Company
Precision Products Group Properties
Buyer/Investor
Agracel

Client Description:

PPG is comprised of two business units – Paramount Tube and Euclid Medical. Paramount Tube is the dominant player for mission-critical, small-diameter spiral-wound and extruded tubular products known for providing highly customized, tight tolerance and uniquely shaped solutions. Applications include components for electric motors, transformers, fuses, automotive, single-dosage medications, pharmaceutical packaging, eco-friendly consumer packaging, and military ordinances. Euclid Medical designs, engineers and manufactures highly engineered automated single- and multi-dose pharmaceutical packing systems driven by proprietary software for use in hospitals, retail pharmacies, and long-term care facilities. Euclid Medical also converts medical-grade films into consumable unit-dose pharmaceutical packaging.

PPG’s Apple Creek, Ohio facility is 81,352 square feet, was built in the 1970s, and is located on approximately 15 acres. PPG’s Fort Wayne, Indiana facility is 32,046 square feet, was built in the 1970s, and is located on approximately 2.23 acres.