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PPG agrees to buy PE-backed Homax

PPG Industries has agreed to acquire The Homax Group, a portfolio company of Olympus Partners. No financial terms were disclosed for the transaction, which is expected to close in the third quarter. Sawaya Segalas provided advice to Homax on the deal. Based in Bellingham, Wash., Homax is a producer of home care products.

Garcia Joins Sawaya Segalas

Pedro Garcia has joined Sawaya Segalas as an MD. He will spearhead the firm’s advisory efforts in the food and beverage segments of the consumer industry. Prior to this, Garcia was a Partner and Managing Director at Hadley Partners.

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