PITTSBURGH--(BUSINESS WIRE)--Apr. 21, 2016--
PPG (NYSE:PPG) announced today, in connection with LKQ Corporation’s
completed purchase of Pittsburgh Glass Works (PGW), that it has divested
its approximately 40 percent minority ownership interest in PGW. LKQ
announced the completed transaction today.
PPG has held a minority interest in PGW since 2008, when it completed
the sale of its automotive glass and services business to PGW, which was
controlled by Mount Kisco, N.Y.-based Kohlberg & Company, LLC.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints,
coatings and materials that our customers have trusted for more than 130
years. Through dedication and creativity, we solve our customers’
biggest challenges, collaborating closely to find the right path
forward. With headquarters in Pittsburgh, we operate and innovate in
more than 70 countries and reported net sales of $15.3 billion in 2015.
We serve customers in construction, consumer products, industrial and
transportation markets and aftermarkets. To learn more, visit www.ppg.com.
We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160421006640/en/
Source: PPG
PPG Media Contact:
Mark Silvey, Corporate Communications,
+1-412-434-3046
silvey@ppg.com
or
PPG
Investor Contact:
Scott Minder, Investor Relations,
+1-412-434-3466
sminder@ppg.com