Springdale, Pennsylvania, location focuses on coatings development for flooring, cabinets, other interior building materials.

Dutch coatings manufacturer AkzoNobel on Wednesday detailed plans to separate its Specialty Chemicals business as part of a strategy to fend off a multi-billion dollar takeover bid by rival PPG Industries. The strategy outlined to investors calls for AkzoNobel to sell or list the Specialty Coatings business within 12 months.

AkzoNobel reviews strategic options, rejecting an unsolicited bid it calls "undervalued" from rival PPG for its paint and coatings business.

PITTSBURGH - PPG Industries has completed its acquisition of IVC Industrial Coatings. The financial terms of the deal between the two wood and industrial coatings manufacturers were not disclosed.

Wood and industrial coatings firm PPG Industries has reached a definitive agreement to acquire IVC Industrial Coatings Inc., a U.S.-based specialty powder and liquid coatings manufacturer serving the contract furniture, storage products and other industrial markets. Terms of the transaction, which is expected to close in the third quarter, were not disclosed.

PPG Industries announced that its North American architectural coatings business has completed its acquisition of The Homax Group, Inc., a supplier of decorative wall and ceiling texture repair products, from Olympus Partners.

Consorcio Comex SA de CV and PPG Industries signed a definitive agreement the total sale of the assets of Comex. The transaction is valued at U.S. $ 2,300 million, and is subject to approval by the appropriate regulatory authorities.

PPG's $2.3 billion acquisition of Mexico's largest paint maker Consorcio Comex S.A. de C.V. comes just months after competitor Sherwin-Williams dropped a similar attempt.

PPG Industries (NYSE:PPG) completed the acquisition of North American architectural coatings business of Akzo Nobel, in a deal valued at $1.05 billion.