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PPG Industries announced an agreement to acquire Glidden from AkzoNobel for $1.05 billion on December 14, 2012. The transaction closed April 1, 2013. [ 1 ] Following the deal, PPG will be the second largest paint manufacturer in North America, behind Sherwin-Williams .
On 19 December 1968 the company changed its name to PPG Industries, Inc., to show its diverse offerings. In the mid-1980s, Cipisa, a Spanish paint company was acquired and renamed PPG Ibérica and its CEO, Pere Nadal Carres, became CEO of PPG Ibérica. [citation needed] In 1990 PPG founded Transitions Optical as a joint venture with Essilor. [6]
In 1974, retail sales made up almost 25 percent of the total revenue. As a result of market shifts, that percentage would increase to 37 percent within a decade. [4] There was a rise in the number of homeowners who wanted to paint their own homes. Kelly-Moore maintained annual growth of 13 percent over the past decade. [4]
The deal was rejected by Mexico's Comisión Federal de Competencia in November 2013 for antitrust purposes, [3] and a result of such, PPG Industries has agreed to buy Comex for $2.3 billion [4] Sherwin-Williams was still able to purchase Comex' operations in the United States and Canada for $165 million. [5]
HMIS was introduced in 1981 as a resource for the paint and coatings industry, by the National Paint and Coatings Association, derived from systems developed by PPG Industries and DuPont. [3] Despite being a resource for the paint and coding industry, it soon expanded to general industries also looking to comply with OSHA regulations. [4]
The Ohio EPA said Wednesday about 200,000 gallons of pretreated wastewater leaked from a sanitary sewer line break near PPG Industries in Barberton before repairs were made this week.