Automotive refinish sales were at all-time quarterly record. PPG (NYSE:PPG) reported net sales of $4.691 billion, up 8% from $4.359 billion in the same quarter last year. According to the company it had higher selling prices of 12%, but sales volumes were down 4%. The company reported raw material costs were up about 20% year […]
PPG Adds New Classes and Updates to MVP Program
PPG (NYSE:PPG) MVP Business Solutions has added three classes to its Business Development series. The classes, Refinish Area Optimization, Administrative Process Improvement and Advanced Estimating 2019, are designed to help collision repair center owners, managers and other key personnel streamline processes, maximize resources and improve estimating accuracy by applying innovative, proprietary MVP performance-accelerating business processes. […]
PPG Completes Acquisition of SEM Products
PPG (NYSE:PPG) today announced that it has completed its previously announced acquisition of SEM Products, Inc., the U.S.-based manufacturer of specialized automotive refinish products. Financial terms were not disclosed. According to a letter to customers from Greg Benckart, VP, Americas, PPG Automotive Refinish, and Steve Fussy, President, SEM Products, Inc., SEM will continue to operate […]
PPG Sponsors Database Enhancement Gateway
The Database Enhance Gateway (DEG) recognized PPG as its longest-standing platinum sponsor of the online collision repair industry resource for five years and counting. The ongoing financial contributions from PPG help to allow all collision repair industry professionals with access to the free service. The DEG accepts submissions from estimating system end-users, who have questions […]
Bunch to Retire as PPG Executive Chairman, CEO McGarry Elected to Succeed
PPG (NYSE:PPG) announced that Charles E. Bunch will retire Sept. 1 as executive chairman of the PPG board of directors after 37 years with the company. PPG President and Chief Executive Officer Michael H. McGarry will become chairman and CEO effective the same day. Under Bunch’s leadership, PPG accelerated its business transformation through strategic actions that […]
PPG Announces New SVP of Automotive Coatings
PPG announced that Tim Knavish, currently vice president, global protective and marine coatings, will become senior vice president, automotive coatings, and will continue to oversee PPG’s Latin America operations and its corporate environment, health and safety (EHS) function. Jean-Marie Greindl will become senior vice president, global architectural coatings, and president, PPG Europe, Middle East and […]
PPG Reports Higher Sales in Q4
PPG Industries yesterday reported fourth quarter 2015 net sales from continuing operations of $3.7 billion, consistent with the prior year. Net sales in local currencies grew 7 percent year-over-year, with acquisition-related sales adding 5 percent and sales volume growth contributing nearly 2 percent. Unfavorable foreign currency translation impacted net sales by 7 percent, or about […]
Single Source Adds Chris Northup to Advisory Board
Single Source, Inc., the distributor of PPG automotive refinish products, announced that Christopher Northup has joined its Advisory Board. Northup arrives with a host of experience and knowledge from over 32 years of involvement in the collision repair and refinish industry. His senior executive experience with both private and publically traded companies provides a unique […]
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