Content about PPG Industries

July 21, 2014

PPG Industries is moving forward with its plans to sell the assets of its Mt. Zion, Illinois glass manufacturing facility to its partner of 13 years, glass manufacturer Fuyao Glass America Inc.

In Fuayo's hands, the facility (which currently manufactures glass for residential and commercial projects) will be retrofitted to produce automotive glass.

July 18, 2014

Following its agreement last month to acquire Consorcio Comex, Pittsburgh, Pennsylvania-based PPG Industries released what it called a record performance for its second quarter. 

PPG reported net sales from continuing operations of $4.08 billion, up 5.1% from $3.88 billion in the same quarter last year.

Net income increased 13.2% to $386 million. 

PPG announced June 30 it had reached an agreement to acquire Consorcio Comex, a leading Latin American architectural and industrial coatings company, in a transaction valued at $2.3 billion.

July 18, 2014

Michael H. McGarry, currently executive VP of Pittsburgh, Pennsylvania-based PPG Industries, has been appointed to the post of chief operating officer.

McGarry will have executive oversight responsibility for all of PPGs strategic business units and operating regions and for the information technology (IT), environment, health and safety (EH&S), and purchasing functions. He will remain based at PPGs global headquarters in Pittsburgh and will continue to report to Chairman and CEO Charles E. Bunch.

July 2, 2014

Continuing its trajectory of recent expansion, PPG Industries announced that its North American architectural coatings business has acquired Pittsburgh-based Masterwork Paint Company.

Masterwork is an independent architectural paint distributor with 13 stores throughout Western Pennsylvania, Ohio and New York.

June 30, 2014

PPG Industries has picked up where Sherwin-Williams left off.

The Pittsburgh-based paint and coatings giant PPG agreed to acquire Consorcio Comex, an architectural and industrial coatings company with headquarters in Mexico City, Mexico.

The transaction is valued at $2.3 billion.

June 6, 2014

PPG Industries' North American architectural coatings business is acquiring The Homax Group, Inc., a supplier of decorative wall and ceiling texture repair products part of the Olympus Partners portfolio.

Beyond aerosol drywall and ceiling texturing applications, Homax also supplies epoxy finishes, patching, caulking and mesh tape repair products, and other painting tools and accessories.

June 4, 2014

Home Depot will set the stage for the launch of a new 488-color palette from PPG Industries' Glidden brand.

As of June 1, the palette will be available to Home Depot customers nationwide as an intentional reflection of their preferences and behaviors.

April 25, 2014

A three-pronged approach to reaching the pro, including an expanded pro program at Home Depot, is the new brand strategy from Pittsburgh-based PPG Industries' branding makeover.

The company describes the new brand strategy as a way to better serve the professional customer. 

The three elements of the plan are:

April 21, 2014

The first quarter of 2014 was kind to PPG Industries' top-line revenue and its profits.

Net sales for the three months ended March 31 were $3.64 billion, up 17.1% year-over-year.

Profit from continued operations was $277 million, up roughly 45% from $191 million in the first quarter of 2013.