logo
Plus   Neg
Share
Email

PPG Industries To Acquire Industria Chimica Reggiana - Quick Facts

PPG Industries, Inc. (PPG) has agreed to acquire Industria Chimica Reggiana, a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. Based in Italy, ICR sells its products in more than 70 countries in Europe, Africa, the Middle East, the United States and Latin America.

"PPG's acquisition of ICR will complement our current product offering for the automotive refinish and light industrial coatings industries and add specialized, value-added products that address the needs of distributors and body shops," said Gary Danowski, PPG vice president, global automotive refinish.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
CJ Foods, Inc., a division of CJ America, Inc., recalled Annie Chun's Japanese-Style Teriyaki Noodle Bowls due to undeclared peanuts, the U.S. Food and Drug Administration said. The La Palma, California-based company initiated the recall after discovering that some bowls that were packaged in outer sleeves indicating Teriyaki Noodle Bowls contain Pad Thai noodle, which contains peanuts. Struggling home furnishings retailer Pier 1 Imports, Inc. said it filed for Chapter 11 bankruptcy protection as it is initiating a sale process. The company is in discussions with multiple potential buyers. In a statement, the company said it has also entered into a Plan Support Agreement or PSA with a majority of its term loan lenders. The deadline to submit bids will be on or around March 23. Apple Inc. (AAPL) said it doesn't expect to meet its revenue guidance for the second quarter due to lower smartphone demand, and temporary work slowdowns related to coronavirus outbreak in China.
Follow RTT
>