PITTSBURGH – PPG Industries (NYSE:PPG) today announced that its North American architectural coatings business has completed its acquisition of the Masterwork Paint Company, an independent architectural paint distributor headquartered in Pittsburgh. The acquisition of Masterwork’s 13-store network throughout Western Pennsylvania, Ohio and New York expands PPG’s company-owned stores footprint. Financial terms were not disclosed.
PPG Architectural Coatings is an industry leader in residential and commercial coatings and products. The business produces paints, stains and specialty coatings marketed under well-recognized product lines such as FLOOD®, GLIDDEN®, LIQUID NAILS®, MANOR HALL®, OLYMPIC®, PPG Paints, PPG PITTSBURGH PAINTS®, PPG PORTER PAINTS® and SIKKENS® brands. Its distribution network includes more than 900 company-owned stores in North America, more than 5,000 independent dealer locations and all major home improvement centers.
PPG: BRINGING INNOVATION TO THE SURFACE.™
PPG Industries' vision is to continue to be the world’s leading coatings and specialty materials company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Reported net sales in 2013 were $15.1 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com and follow @PPGIndustries on Twitter.
Source: PPG Industries
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