To expand the paint and coating business PPG agreed to acquire Nordic paint and coatings Company Tikkurila for $1.3 billion. Finland based Tikkurila has operations in 11 countries and more than 80% of its revenue coming from Finland, Sweden, Russia, Poland, and the Baltic states.
- Tikkurila offers a broad range of decorative paints for consumers and professionals for surface protection and decoration.
- The product offering includes, among others, interior paints, lacquers, and effect products, exterior products for wood, masonry, and metal surfaces, as well as services related to painting.
April 2020: PPG and the PPG Foundation announced to contribute more than $1.5 million to organizations supporting immediate community relief efforts and emerging recovery needs amid the impacts of the Coronavirus (COVID-19) crisis.
March 2020: PPG announced that it had completed its acquisition of Alpha Coating Technologies, LLC (Alpha), a manufacturer of powder coatings for light industrial applications and heat sensitive substrates. Alpha focuses on the development, manufacture and sale of powder coatings for light industrial applications; medium density fiberboard and heat sensitive substrates; and toll manufactures powder coatings for metal and light industrial applications. Alpha employs approximately 35 people at its operations in West Chicago, Illinois.
Feb 2020: PPG announced a collaboration with Dow and its Sustainable Future Program, developed to accelerate adoption of low-carbon technologies. The partnership focuses on advances in anti-corrosion coating products for steel designed to deliver reduced greenhouse gas (GHG) emissions through increased energy efficiency while helping to lessen the high maintenance costs of steel infrastructure.
Feb 2020: PPG announced that it had completed its acquisition of Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. Financial terms were not disclosed.
PPG, headquartered in Pittsburgh, the USA, is a leading paints, coatings and specialty materials company. The company serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. The company operate and innovates in more than 70 countries. The company has around 156 manufacturing facilities and approximately 47,000 employees globally.