PITTSBURGH--(BUSINESS WIRE)--Jun. 12, 2014--
PPG Industries (NYSE:PPG) today announced that it has completed the
previously announced acquisition of substantially all of the assets of
Canal Supplies Inc. (CSI), a privately-owned, Panama-based distributor
of protective and marine coatings to customers in Central America.
Financial terms were not disclosed.
“The acquisition of CSI enhances our ability to supply customers
throughout Central America and meet growing demand for our protective
and marine products in this growth market,” said Tim Knavish, PPG vice
president, protective and marine coatings.
PPG is a world leader in protective and marine coatings, with products
protecting customers’ energy, infrastructure and marine industry assets
in some of the world’s most demanding conditions and environments.
Featured lines include the AMERCOAT(R), PITT-CHAR(R) and SIGMA
COATINGS(R) brands. For more information, visit www.ppgpmc.com.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
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. 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.
Forward-Looking Statements
Statements in this news release
relating to matters that are not historical facts are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 reflecting the company’s current view with respect to
future events or objectives and financial or operational performance or
results. The forward-looking statements contained herein include
statements relating to the expected benefits of the CSI acquisition.
Actual events may differ materially from current expectations and are
subject to a number of risks and uncertainties, including the failure to
achieve the expected benefits of the CSI acquisition and the other risks
and uncertainties discussed in PPG Industries’ periodic reports on Form
10-K and Form 10-Q, and its current reports on Form 8-K filed with the
Securities and Exchange Commission. Forward-looking statements speak
only as of the date of their initial issuance, and PPG Industries does
not undertake any obligation to update or revise publicly any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Bringing innovation to the surface is a trademark and Amercoat
is a registered trademark of PPG Industries Ohio, Inc.
Sigma
Coatings is a registered trademark of PPG Coatings Nederland B.V.
Pitt-Char
is a registered trademark of PPG Architectural Finishes, Inc.
Source: PPG Industries, Inc.
PPG Industries, Inc.
Media:
Mark Silvey,
412-434-3046
PPG Corporate Communications
silvey@ppg.com
or
Investors:
Vince
Morales, 412-434-3740
PPG Investor Relations
vmorales@ppg.com