PITTSBURGH--(BUSINESS WIRE)--Jul. 1, 2014--
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(R), GLIDDEN(R), LIQUID NAILS(R), MANOR HALL(R), OLYMPIC(R), PPG
Paints, PPG PITTSBURGH PAINTS(R), PPG PORTER PAINTS(R) and SIKKENS(R)
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.(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. 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.
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 Masterwork 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 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 of PPG
Industries Ohio, Inc.
FLOOD, GLIDDEN, LIQUID NAILS, MANOR HALL,
OLYMPIC, PPG PITTSBURGH PAINTS and PPG PORTER PAINTS are
registered trademarks of the PPG group of companies.
SIKKENS is
a registered trademark of AkzoNobel.
Source: PPG Industries, Inc.
PPG Industries, Inc.
Media:
Mark Silvey, PPG Corporate
Communications, 412-434-3046
silvey@ppg.com
or
Investors:
Vince
Morales, PPG Investor Relations, 412-434-3740
vmorales@ppg.com