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PPG Industries, Inc. develops and sells paints, coatings and specialty products for construction, consumer products, industrial, transportation and aftermarket customers. Company news commonly covers segment results in Global Architectural Coatings, Performance Coatings, Industrial Coatings, aerospace coatings, protective and marine coatings, Traffic Solutions, and packaging or automotive OEM coatings.
Recurring updates also include product and technology investments, such as radiation-curable coatings, protective systems for data center infrastructure, and R&D activity across regional laboratories. PPG news also addresses acquisitions that expand coatings lines, dividend declarations, shareholder meeting matters, leadership changes, digital transformation and operational efficiency initiatives.
PPG (NYSE:PPG) has finalized the divestiture of Eberle Design, Inc. to Vance Street Capital. EDI specializes in electronic control systems for traffic management and related applications, employing around 150 people in Phoenix, Arizona. PPG originally acquired EDI in December 2020, alongside Ennis-Flint, which remains part of PPG's Traffic Solutions business. The financial terms of the transaction have not been disclosed. This strategic move allows Vance Street to integrate EDI into its Intelligent Transportation Systems platform.
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PPG (NYSE: PPG) has announced a multi-year parks alliance with Disney Parks, Experiences and Products, becoming the Official Paint of Walt Disney World and Disneyland Resorts. This partnership, rooted in over 50 years of collaboration, will enhance the guest experience through PPG’s high-performing paints and coatings. PPG will supply a range of products visible in iconic attractions, affirming its reputation as an industry leader. The strategic alliance aims to elevate the aesthetic and protective qualities of Disney properties, enhancing the magical experience for visitors.
PPG (NYSE: PPG) announced that Joe Gette will assume the role of vice president, deputy general counsel, and secretary effective June 1. Gette, previously the assistant general counsel for M&A and securities, will report to Anne M. Foulkes, PPG's senior vice president and general counsel. He will oversee corporate secretary responsibilities and manage legal duties related to M&A, securities, and labor for the U.S. and Latin America regions. Gette has been with PPG since 2005 and has extensive legal experience in various business units.
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PPG has launched the world’s first commercial retroreflective powder coating, Envirocron LUM, in partnership with Lyft for their e-bikes in the DIVVY bike-share program. This innovative coating enhances cyclist visibility, a critical safety feature as bicycle-related deaths rose 37% from 2010 to 2019. Inspired by nature, the powder coating utilizes embedded glass beads for increased light reflection. Lyft's pilot program began in June 2021, expanding to major cities including San Francisco and New York City, and honors Lyft engineer Abel Lopez, promoting cyclist safety.
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PPG (NYSE:PPG) held its adjourned annual meeting virtually, where shareholders voted to amend the Articles of Incorporation, replacing the supermajority voting requirements. This change aims to enhance PPG’s corporate governance practices. Chairman and CEO Michael McGarry highlighted the significance of this vote, noting extensive shareholder outreach efforts, including over 60,000 phone calls. Shareholders also re-elected directors, approved executive compensation, and ratified PricewaterhouseCoopers LLP as the independent accounting firm for 2022.