PPG to acquire Pittsburgh-based architectural paint distributor Westmoreland Supply
PPG Industries today announced that its North American architectural coatings business has reached a definitive agreement to acquire Westmoreland Supply, an independent architectural paint distributor headquartered in Pittsburgh. The transaction is expected to close in the fourth quarter, subject to customary closing conditions.
PPG Aerospace expands sealants capabilities at ASC in Germany
PPG Industries has expanded the ability for its Central Europe application support center in Hamburg, Germany, to package aerospace sealants for customers in Central and Eastern Europe by adding equipment to provide premixed and frozen sealant, SEMKIT® packages as well as Customized Sealant Solutions products such as PRC® seal caps and PRC SEMFOAM™ sealant.
PPG reports record third quarter net sales and earnings
PPG Industries today reported third quarter 2014 net sales from continuing operations of $3.94 billion, up $161 million, or 4 percent, versus the prior year. Third quarter 2014 reported net income from continuing operations was $377 million, or $2.70 per diluted share. Third quarter 2014 adjusted net income from continuing operations was $394 million, or $2.82 per diluted share, which excludes asset divestiture gains of $73 million after-tax, or 52 cents per diluted share; and charges of $86 million after-tax, or 61 cents per diluted share for an increase to legacy environmental reserves; acquisition-related costs of $2 million after-tax, or 2 cents per diluted share; and a pension settlement charge of $2 million after-tax, or 1 cent per diluted share.
PPG directors announce quarterly dividend of 67 cents per share
The board of directors of PPG Industries today declared a regular quarterly dividend of 67 cents per share, payable Dec. 12 to shareholders of record Nov. 10.
PPG receives update from Federal Economic Competition Commission of Mexico on pending Comex acquisition
PPG Industries today announced that it has received notice from Mexico’s Federal Economic Competition Commission that it is extending the review timeline of PPG’s previously announced agreement to acquire Consorcio Comex, S.A. de C.V. Without this extension, the competition commission would have been required to rule on the regulatory filing within the coming days.
PPG announces expanded direct draw roving portfolio at CAMX 2014
PPG Industries’ fiber glass business has expanded the HYBON® direct draw roving portfolio with a product providing a combination of processing and performance properties superior to those of products currently available in the marketplace. New HYBON 2662 direct draw roving will be featured at CAMX: The Composites and Advanced Materials Expo at the Orange County Convention Center in Orlando, Florida, Oct. 13-16, and will be showcased throughout 2015 at target trade shows, expositions and industry events.
Steelscape offers graffiti-resistant DURANAR, CORAFLON coatings by PPG
PPG Industries’ building products group announced Steelscape is now offering metallic-coated and pre-painted steel with DURANAR® GR (graffiti-resistant) and CORAFLON® GR coatings.
World-famous architects, SOLARBAN glass highlight Houston’s modern architectural heritage
Like Los Angeles, Dallas and other Sun Belt cities, Houston was part of a building boom in the 1970s and 1980s that led to the development of many iconic American skyscrapers. Several famed architects specified SOLARBAN® glass by PPG Industries to design many of the sleek modernist structures that typified the era.
PPG expands OMNI LV brand with new 2.1 VOC clearcoat
PPG Industries' automotive refinish business has enhanced the OMNI™ LV product line with the introduction of MC2910 EUROPLUS™ Multi-Panel Clearcoat. MC2910 is a 2.1 VOC (volatile organic compound) clearcoat suited for multiple panels and large repairs, engineered to economically provide an exceptional gloss finish.
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PPG Aerospace coatings system preferred by Flying Colours Aviation
Flying Colours Aviation repainted a QantasLink 717 airplane with a basecoat-clearcoat coatings system by PPG Industries’ aerospace business that delivered what it promised – a quickly-achieved, smooth, high-gloss finish.