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.
Sherwin-Williams said it will consider refiling its petition to acquire Consorcio Comex after Mexico's antitrust watchdog denied its appeal to purchase the paint manufacturer.
PPG Industries (NYSE: PPG) today announced that it has reached a definitive agreement to acquire the North American architectural coatings business of AkzoNobel, N.V., Amsterdam, in a deal valued at $1.05 billion.
PPG Industries’ industrial coatings business has raised prices an average of 2% to 10% on all its liquid, powder and electrocoat (E-coat) products in the Asia/Pacific region.
Valspar Wood Products has launched a national, fully-integrated distribution program to support sales of its wood coating products. Among Valspar's initiatives is an optimized product platform, re-labeling of the product line and a new website.