PPG (NYSE:PPG) announces the opening of the Automotive Refinishing Training Center in Argentina. The premises, equipped with state-of-the-art technology, are prepared to train more than 300 professionals per year. The expectation is that 200 technicians, painters, workshop owners and counter staff experts will be trained at the Center during 2017. Now, in addition to the […]
PPG Walks the Track with Speedway Children’s Charities
PPG displayed its continued support for Speedway Children’s Charities’ (SCC) fundraising efforts by teaming up with the national organization’s New Hampshire chapter for its annual Track Walk on Saturday, July 15, at New Hampshire Motor Speedway in Loudon. SCC provides funding for hundreds of nonprofit organizations that meet the direct educational, medical, social and financial […]
PPG Names Zamblera VP for Refinish for Europe, Middle East and Africa
PPG (NYSE:PPG) today announced Jérôme Zamblera will become vice president, automotive refinish, Europe, Middle East and Africa (EMEA), and director, environment, health and safety (EHS), EMEA. Zamblera will report to John Outcalt, vice president, global automotive refinish and Greindl. Zamblera is currently general manager, automotive refinish, EMEA, and also oversees EHS, EMEA. PPG also announced […]
PPG Completes Paint and Coatings Facility in Lipetsk, Russia
PPG (NYSE:PPG) marked the opening of a €45 million ($49 million) paint and coatings manufacturing facility and commercial operation in the Lipetsk region of Russia on June 16. The site will provide about 200 total positions and produce about 25 million liters (6.6 million gallons) of coatings at full capacity. In addition to facilities for […]
PPG MVP Business Solutions Group Video Examines OEM Collision Repair Procedures, Diagnostics
The 2017 PPG MVP Conference featured a panel discussion in which representatives from Audi, Toyota, Mazda and Collision Diagnostic Services (asTech) discussed their positions on OE repair procedures, system diagnostics, and recalibration. In the video above you’ll hear from the experts as they take a deeper dive into the hundreds of onboard systems on […]
PPG Drops AkzoNobel Takeover Bid
Paint manufacturer will not make a public takeover offer for competitor. PPG (NYSE:PPG) today announced that it has withdrawn its proposal to acquire AkzoNobel (OTCMKTS:AKZOY) and will not pursue a public offer for the company. Under Dutch law, PPG had to make a decision today to pursue a formal takeover attempt or pause for a […]
Court Rules in AkzoNobel’s Favor in Suit to Unseat Chairman Over PPG Takeover Bid
AkzoNobel (OTCMKTS:AKZOY)yesterday prevailed in a lawsuit brought by investor Elliott Advisors that sought to unseat AkzoNobel’s chairman over the paint manufacturer’s continued resistance to the takeover bid by PPG Industries (NYSE:PPG) that was launched earlier this year. The decision by Amsterdam Enterprise Chamber rejected Elliott’s request to force AkzoNobel to hold a special shareholder meeting […]
Karl Malone’s Body and Paint and Puente Hills Auto Body Earn Toyota Honors
Two PPG (NYSE:PPG) customer collision repair centers, Karl Malone’s Body and Paint of Draper, Utah, and Puente Hills Auto Body of the City of Industry, Calif., have earned the 2016 Toyota Certified Collision Center of the Year Triple Crown Award. The annual award recognizes the three top-performing Toyota certified collision centers in the country. “We […]
PPG Issues Statement on AkzoNobel Decision
Says it will assess and decide whether or not to continue to pursue an offer. PPG (NYSE:PPG) today issued a statement on its merger proposal to AkzoNobel (AKZA.AS:AKZOY). On Monday, AkzoNobel rejected PPG’s third offer. According to the PPG statement: PPG has reviewed AkzoNobel’s May 8, 2017, response to PPG’s revised proposal of April 24, […]
AkzoNobel Rejects Third Offer from PPG
Decision follows review including direct engagement with Board members of PPG. AkzoNobel today announced it has declined a third proposal submitted by PPG Industries on April 24, for all outstanding ordinary shares in the capital of AkzoNobel. According to AkzoNobel, the company concluded its own strategy, presented on April 19, “…offers a superior route to […]