PPG acquires North American Akzo’s architectural coatings

Bunch: PPG gains second position in deco coatings. PPG Industries says it has reached a definitive agreement to acquire the North American architectural coatings business of AkzoNobel in a deal valued at $1.05 billion. The purchase includes all of AkzoNobel’s North American architectural coatings’ manufacturing and distribution facilities, paint stores, product lines, and employees related to the production, sale, and distribution of architectural coatings in the United States, Canada, and the Caribbean. The deal gives PPG the number two position in...

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