PPG continues to address evolving automotive refinish technologies with ongoing comprehensive certification training programs designed to keep paint technicians at the forefront of the industry. As OEMs introduce more complex and exotic finishes, PPG is making sure refinish technicians are prepared to meet the challenges the new finishes present. “Maintaining alignment with the industry, PPG […]
PPG Makes Third Offer to AkzoNobel
Raises price and commits to break-up fee if antitrust approvals cannot be secured. PPG (NYSE:PPG) today announced that it submitted a revised proposal for a merger with Akzo Nobel N.V. (AKZA.AS; OTCMKTS:AKZOY). The proposal letter, which was provided to Antony Burgmans, Chairman of the Supervisory Board and Ton Büchner, Chief Executive Officer and Chairman of […]
PPG Announces Two Platinum Distributor of the Year Award Winners for the First Time
In an unprecedented move, PPG named two distributors—Southern Auto Color of Gainesville, Ga., and Tasco Auto Color of Houston, Texas—as the recipients of its Platinum Distributor of the Year award. It was the first time PPG has given the prestigious recognition to more than one distributor. Bob Wenzinger, director of the PPG Platinum Distributor program, […]
PPG Continues to Pursue AkzoNobel Acquisition
Ton Büchner, CEO of AkzoNobel, to outline new strategy April 19, provides Q&A video discussing future of the company On Wednesday, PPG (NYSE:PPG) reiterated its invitation to AkzoNobel (OTCMKTS:AKZOY) to enter into discussions to explore PPG’s proposal to combine the companies. This follows the previous announcements on March 9 and its second proposal on March 22. […]
AkzoNobel Rejects Second Proposal from PPG
Company states proposal fails to recognize value of AkzoNobel and neglects to address significant risks and uncertainties, including extensive anti-trust concerns. AkzoNobel today announced it has rejected a second unsolicited proposal from PPG Industries Inc. to acquire AkzoNobel. According to Akzo, the proposal on March 20, fails to reflect the current and future value of […]
PPG Reported to Prepare New Bid for AkzoNobel
Bloomberg reported yesterday that its sources indicate PPG Industries Inc. is preparing a new takeover bid for Akzo Nobel NV. On March 9, AkzoNobel announced it rejected an unsolicited offer from PPG to form a combined company that AkzoNobel says undervalued its business. In response to the offer, AkzoNobel’s CEO announced the company would explore […]
PPG Foundation Funds $20,000 in Scholarships through Collision Repair Education Foundation
The PPG Foundation has provided $20,000 in funding for the Collision Repair Education Foundation to be awarded to students who have demonstrated a career interest in automotive repair and refinish. The scholarships, $5,000 each, are awarded annually to full-time students attending a post-secondary school with a focus on degree programs in collision repair. The funds […]
AkzoNobel Rejects PPG Merger Proposal
AkzoNobel rejects unsolicited offer for merger, announces a review of strategic options for possible separation of its Specialty Chemicals business. AkzoNobel announced today that it rejected an unsolicited offer from PPG to form a combined company that AkzoNobel says undervalued its business. AkzoNobel confirmed it received an unsolicited proposal from PPG for a public offer […]
PPG Completes $19 Million Waterborne Automotive Coatings Production Line In China
PPG (NYSE:PPG) today marked the completion of a new $19 million high-performance waterborne and high-solids coatings production line at its Wuhu facility in Anhui province, China. The new line enhances the production and service capabilities of PPG’s automotive coatings business for customers in China. The new line at PPG’s Wuhu plant adds production for environmentally-friendly […]
PPG Reports 2016 Financial Results, Acquires Refinish Company in China
PPG (NYSE:PPG) yesterday reported fourth quarter 2016 net sales of $3.5 billion, down more than 1 percent versus the prior year. Sales in local currencies increased by more than 1 percent aided by sales volume growth approaching 2 percent year-over-year. The net impact from business portfolio actions contributed less than 1 percent to sales growth […]