logo
Plus   Neg
Share
Email

PPG To Buy Dutch Architectural Paint And Coatings Wholesaler ProCoatings

PPG Industries Inc. (PPG), a paints, coatings and materials company, announced Tuesday that it has reached a definitive agreement to acquire ProCoatings, an architectural paint and coatings wholesaler located in The Netherlands. Financial terms of the transaction were not disclosed.

PPG expects the transaction to close in the first quarter 2018, subject to customary closing conditions.

ProCoatings, established in 2001, distributes a large portfolio of well-known professional paint brands through its network of 23 multi-brand stores. The company employs nearly 100 people.

Jean-Marie Greindl, PPG senior vice president, said, "This acquisition will provide our business with even greater opportunities to support our customers and strengthen our presence in this important market."

PPG said it has a long history in The Netherlands, dating back nearly 300 years. PPG now employs nearly 1,000 people in the country.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
With sales by online retailers accounting for an increasing share of consumer spending, the U.S. Supreme Court has handed states a major victory in their efforts to boost revenue from sales tax. In a 5 to 4 ruling published Thursday, the Supreme Court sided with South Dakota in a case against online... AT&T Inc., which recently completed its acquisition of Time Warner Inc., has launched its new "WatchTV" streaming service with two unlimited data plans. In addition, WatchTV can be streamed through the WatchTV app. The two data plans - AT&T Unlimited &More and AT&T Unlimited &More Premium - are scheduled to launch next week. WatchTV features more than 30 live channels. Tesla Inc. has filed a lawsuit against a former employee, alleging that he stole the company's confidential data and transferred the information to third parties. The lawsuit accuses the former employee, Martin Tripp, of unlawfully hacking Tesla's confidential and trade secret information as well as transferring the information to third parties. The lawsuit was filed in a federal court in Nevada.
Follow RTT