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Chemical Week Magazine :: Specialty Chemicals

PPG Plans to Invest Up to $1.5 Billion in 2011

10:24 AM MDT | June 13, 2011 | —REBECCA COONS

PPG Industries plans to spend between $750 million and $1.5 billion on acquisitions, share buybacks, and debt repayments by the end of 2011. Bolt-on coatings deals valued at $25 million-$250 million would make interesting targets, particularly if the deal would increase PPG’s presence in emerging regions or strengthen the company’s position in the more specialized and higher-margin coatings markets, PPG chairman and CEO Charles Bunch told attendees of a recent investor meeting in New York. Copenhagen-based Dyrup, sells architectural coatings, a...

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