PITTSBURGH--(BUSINESS WIRE)--Apr. 1, 2015--
PPG Industries (NYSE:PPG) today announced that it has completed the
acquisition of REVOCOAT, a global supplier of sealants, adhesives and
damper products for the automotive industry, from the AXSON Group.
Financial terms were not disclosed.
“The addition of REVOCOAT to our automotive coatings business
strengthens PPG’s global automotive adhesive and sealants product and
technology offerings, enabling us to better serve our automotive
customers around the world,” said Cindy Niekamp, PPG senior vice
president, automotive original equipment manufacturer (OEM) coatings.
REVOCOAT, headquartered in France, is a world leader in automotive
adhesives and sealants and offers a range of automotive assembly
products such as complementary epoxy-based products, polyurethanes and
water-based emulsions. REVOCOAT employs more than 500 people and
operates eight manufacturing facilities and one research and development
center.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries' vision is to be the world’s leading coatings company by
consistently delivering high-quality, innovative and sustainable
solutions that customers trust to protect and beautify their products
and surroundings. Through leadership in innovation, sustainability and
color, PPG provides added value to customers in construction, consumer
products, industrial and transportation 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 2014 were
$15.4 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 REVOCOAT acquisition. Actual events may differ
materially from current expectations and are subject to a number of
risks and uncertainties, including the ability of PPG Industries 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 U.S.
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.
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