PPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices […]
PPG Reports Record First Quarter Sales of $3.9 Billion
PPG (NYSE:PPG) reported first quarter 2021 net sales of approximately $3.9 billion, approximately 15% higher than the prior year. Selling prices increased by nearly 2% and sales volumes were higher by approximately 7% year over year. Favorable foreign currency translation impacted net sales by more than 3%, or about $110 million, and acquisition-related sales contributed […]
PPG Adds SEM Products to AdjustRite Commercial Estimating System
PPG (NYSE:PPG) today announced that it has expanded the capabilities of the PPG AdjustRite commercial estimating system by adding SEM adhesives, sealers and undercoats to the platform’s Commercial Parts Listing Program supplier database. SEM Products, Inc., manufactures specialized automotive refinish products and was acquired by PPG in 2018. “We’re very pleased to add SEM products […]
Ideal Distributors Named PPG Automotive Refinish Platinum Distributor of the Year
PPG (NYSE:PPG) today announced that it has honored Ideal Distributors of St. George, Utah, as its automotive refinish 2020 Platinum Distributor of the Year. The annual award recognizes the distributor that demonstrates outstanding performance, loyalty, product knowledge, customer service and support. Chris Dewes, PPG director, platinum distribution programs, automotive refinish, U.S. and Canada, recently met […]
Tony Wu Appointed Vice President of Automotive Refinish, Asia at PPG
PPG (NYSE:PPG) announced the appointment of Tony Wu as vice president, automotive refinish, Asia, effective today. He will report to Chancey Hagerty, vice president, global automotive refinish, and will succeed Pauline Yuen, who has announced her intent to retire, effective March 19. Wu, current vice president, Greater China industrial coatings (IC) and global electronic materials, […]
PPG Introduces Iso-Free Primer Surfacer and Catalyst
PPG (NYSE: PPG) today announced the launch of its premium NCP450 Iso-Free Primer Surfacer and NCX455 Iso-Free Catalyst for the U.S. market. Both products are specifically formulated without isocyanates. The new primer surfacer has been engineered to provide an exceptional foundation for PPG’s popular Deltron basecoat automotive refinish system. Ideal for small repairs, NCP450 Iso-Free […]
PPG Delfleet One Paint System Approved by Daimler Truck North America
PPG (NYSE:PPG) today announced that Daimler Truck North America (DTNA) has approved PPG Delfleet One Paint System for warranty and aftermarket repairs on its Freightliner and Western Star Trucks. Covering the full commercial transportation color palette, the system offers volatile organic compound (VOC) ratings of 1.5 pounds per gallon for basecoat, direct gloss and matte […]
PPG to Invest $20 million to Advance Racial Equity
PPG (NYSE: PPG) and the PPG Foundation announced a commitment to invest $20 million by 2025 to address systemic racism and advance racial equity in the U.S. by funding educational pathways for Black communities and people of color. The commitment strengthens PPG’s focus on education – a priority giving area for PPG and the PPG […]
PPG Reports Fourth Quarter Sales Up More Than 2%
While overall sales were up compared to 2019, net sales for automotive refinish coatings were slightly higher compared to the third quarter 2020, but below 2019. PPG (NYSE:PPG) reported fourth quarter 2020 net sales of approximately $3.8 billion, more than 2% higher versus the prior year. Selling prices increased by about 1.5%. Sales volumes decreased […]
PPG Acquiring German Coatings Company Wörwag
PPG (NYSE:PPG) today announced an agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing conditions. “Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, […]