PITTSBURGH--(BUSINESS WIRE)--Oct. 1, 2015--
PPG Industries (NYSE:PPG) announced today that it has completed its
previously announced acquisition of the remaining interest in Chemfil
Canada Limited, a joint venture of PPG and Madinal Enterprises.
Financial terms were not disclosed.
The acquisition enhances PPG’s pretreatment presence and capabilities in
Canada. Chemfil Canada produces pretreatment products and general
industrial chemicals for automotive original equipment manufacturers
(OEMs) and industrial customers in Canada. The acquired products and
services will be offered under the PPG name.
PPG: BRINGING INNOVATION TO THE SURFACE.™
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 more
than 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 Chemfil Canada 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
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151001005927/en/
Source: PPG Industries, Inc.
PPG Industries, Inc.
Media:
PPG Corporate Communications
Mark
Silvey, 412-434-3046
silvey@ppg.com
or
Investors:
PPG
Investor Relations
Scott Minder, 412-434-3466
sminder@ppg.com