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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