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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 October 2000, PPG Industries announced it had agreed to buy Courtaulds Aerospace for $512.5 million. [7]
Glidden is an American paint brand, manufactured by PPG Industries. Glidden was purchased by British conglomerate ICI in 1986, which in turn was later acquired by Dutch conglomerate AkzoNobel in 2008. PPG Industries announced an agreement to acquire Glidden from
Comex was the 4th largest paint manufacturer in North America. [39] After Mexican antitrust regulators voted against the deal twice, Sherwin-Williams bought Comex's US and Canadian divisions for $165 million on September 16, 2013. [40] PPG, US-based paint and coating company, acquired Comex's Mexican division for $2.3 billion.
Before you buy stock in PPG Industries, consider this: ... 1 overall paint company in India, and that's Asian Paints. You know, obviously, they run the deco side, but we've got a joint venture ...
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]
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