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Slide #64. PPG Industries — AkzoNobel North American Architectural Coatings Business
Acquirer:
PPG Industries (NYSE:PPG)
Acquiree:
AkzoNobel North American Architectural Coatings Business
Details:
PPG Industries (NYSE:PPG) today announced that it has finalized the acquisition of the North American architectural coatings business of Akzo Nobel N.V., Amsterdam, in a deal valued at $1.05 billion.
PPG Industries manufactures and distributes a range of paints, coatings and specialty materials. Co.'s business is comprised of two reportable business segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment primarily supplies a variety of protective and decorative coatings, sealants and finishes, along with paint strippers, stains and related chemicals, pavement marking products, transparencies and transparent armor. The Industrial Coatings is comprised of the automotive original equipment manufacturer coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating segments.
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Buy (2.95 out of 4) 23rd percentile
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