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 […]
PPG Named Sponsor of the Year by Speedway Children’s Charities New Hampshire Chapter
The New Hampshire chapter of Speedway Children’s Charities (SCC) honored PPG by naming it Sponsor of the Year for 2016. The announcement was made by Chapter Director Cheryl LaPrade at SCC’s annual grant distribution ceremony at the Palace Theatre in Manchester, N.H.. Michael Patenaude, PPG regional sales manager, accepted the honor on behalf of PPG. […]
PPG MVP Conference Scheduled for April 9-11 in Arizona
PPG announced its annual spring MVP Business Solutions Conference will take place April 9-11 at the JW Marriott Camelback in Scottsdale, Ariz. PPG’s MVP Conferences are open to owners and managers of collision centers using PPG Refinish products and provide an opportunity for shop owners and managers to refocus, gain valuable insight from industry experts, […]
PPG Reports Third Quarter Earnings
Automotive refinish sales growth at “a low-single-digit” percentage rate. PPG (NYSE:PPG) today reported third quarter 2016 net sales of $3.8 billion, up almost 2 percent versus the prior-year figure of $3.7 billion. Sales volumes grew 1.6 percent and acquisition-related sales contributed more than 2 percent, partly offset by a slight decline in selling prices. Unfavorable […]
PPG Canada Appoints Christie Alexander British Columbia Territory Manager
PPG Canada has named Christie Alexander territory manager for British Columbia. Norm Angrove, director, Refinish Canada, made the announcement. Alexander will be the PPG representative to the company’s automotive refinish distributors throughout the province. Alexander joined PPG Canada in August of this year. She has extensive experience in the refinish business. Prior to coming to PPG Canada, Alexander was […]
American Honda Approves PPG Refinish
PPG announced it has received approval from American Honda Motor Co., Inc., for use of its Nexa Autocolor 2K, Deltron, Global Refinish System, Envirobase High Performance and Aquabase Plus products for warranty repairs of Acura and Honda vehicles in the United States. “PPG takes great pride in partnering with American Honda,” said Steve Topczewski, PPG […]