PPG Industries (PPG) said it has finalized the acquisition of the North American architectural coatings business of Akzo Nobel N.V. (AKZOY,AKZOY.PK), Amsterdam, in a deal valued at $1.05 billion.
Charles Bunch, PPG chairman and CEO, stated: "With this acquisition, PPG has expanded its reach in all three major North American distribution channels, including home centers, independent paint dealers and company-owned paint stores. The company's product offerings are now available in more than 15,000 outlets across the region.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.