PPG (NYSE:PPG) announced initiatives to support Australian bushfire relief efforts. The company will donate $50,000 (AU$72,432) to the Australian Red Cross to assist with emergency relief efforts. PPG has also committed to matching employee donations up to $25,000 (AU$36,193) for a total contribution of $75,000 (AU$108,625). Locally, PPG employees in Australia are working with retail […]
PPG Reports Fourth Quarter Sales Up Versus 2018
Reports above market refinish performance in U.S. and Canada. PPG (NYSE:PPG) reported fourth quarter 2019 net sales of nearly $3.7 billion, up approximately 1% versus the prior year. Net sales in constant currencies grew about 2% year-over-year, aided by higher selling prices of almost 2%. Sales volumes declined nearly 3% versus the prior year. Unfavorable […]
PPG to Acquire Industria Chimica Reggiana
Italy-based automotive refinish coatings manufacturer sells products in more than 70 countries. PPG (NYSE:PPG) today announced that it has reached an agreement to acquire Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. The transaction is expected to close in the first quarter 2020, […]
Chancey Hagerty Named Vice President of Global Automotive Refinish at PPG
Gary Danowski, current vice president of refinish, will retire on March 1. PPG (NYSE:PPG) announced that Chancey Hagerty, current PPG vice president, global industrial coatings, will become vice president, global automotive refinish coatings effective March 1. Reporting to Tim Knavish, PPG executive vice president, he will continue to be a member of the Operating Committee. […]
PPG Reports Third Quarter Sales of $3.8 Billion
PPG (NYSE:PPG) today reported third quarter 2019 net sales of approximately $3.8 billion, comparable with the prior year. Net sales in constant currencies were about 2% higher versus the previous year, driven by higher selling prices of 2.6%, and acquisition-related sales, net of divestitures, of more than 2%. Aggregate sales volumes were down nearly 3% […]
Collision Repair Education Foundation and PPG Celebrate Over $700,000 Raised to Support Collision Schools and Students in Past Ten Years
2020 fundraiser scheduled for July 21 in Philadelphia, Pa. The annual Collision Repair Education Foundation industry fundraiser celebrated its 10 year anniversary of the automotive refinish business unit of PPG co-hosting the event. The event has raised over $700,000 since 2009 to support scholarships and grants for collision schools and students. The 2019 event included […]
PPG-Sponsored Track Walk Raises $32,000 for Speedway Children’s Charities
PPG (NYSE:PPG) today announced that the recent Track Walk fundraising event for the New Hampshire chapter of Speedway Children’s Charities (SCC) generated more than $32,000 to help fund the organization’s educational, medical, social and financial efforts for children in need. PPG has served as the event’s sole sponsor for more than 10 years. The 2019 […]
PPG Names Knavish, Liebert Executive Vice Presidents
Tim Knavish assumes responsibility for global automotive refinish business. PPG (NYSE:PPG) announced that Tim Knavish and Rebecca Liebert will be appointed executive vice presidents and join the company’s Executive Committee, effective Oct. 1. Knavish currently serves as PPG senior vice president, architectural coatings, and president, PPG Europe, Middle East and Africa (EMEA), and Liebert currently […]
Private Equity Firm Reported Partnering with PPG in Bid to Acquire Axalta
According to a report by Reuters, PPG Industries Inc. (NYSE:PPG) and the private equity firm Clayton, Dubilier & Rice LLC (CDR) are among groups considering acquiring Axalta Coating Systems Inc. (NYSE:AXTA). Also reported to be considering a bid for Axalta is a partnership between Platinum Equity LLC, and Koch Industries Inc. According to Reuters, the […]
PPG Selected for DOE Partnership to Develop Adhesives for Lightweight Vehicles
PPG (NYSE:PPG) announced that it has been selected for a U.S. Department of Energy (DOE) partnership that will use supercomputing resources to accelerate the development and testing of structural adhesives for vehicles built from lightweight materials. The project was authorized by the DOE Vehicle Technologies Office, with funding provided by the High Performance Computing for […]