PPG Industries (NYSE: PPG), Pittsburgh, PA, has submitted an offer to acquire a majority interest in the aerospace and automotive sealants businesses of Le Joint Français (LJF), a supplier of sealants and adhesives products for the aerospace and automotive industries. Terms were not disclosed.

LIF has been a long-term licensee of PPG’s aerospace sealant technology. Its aerospace and automotive sealants businesses would be spun-off to form a new, separate entity, of which PPG would be the majority owner. PPG anticipates closing the transaction in the second half of 2015.