Welcome to our dedicated page for Ppg Inds news (Ticker: PPG), a resource for investors and traders seeking the latest updates and insights on Ppg Inds stock.
PPG Industries Inc (NYSE: PPG) is a global leader in coatings and specialty materials, serving automotive, aerospace, and construction markets since 1883. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological innovations.
Access PPG's official press releases, earnings reports, and strategic announcements in one centralized location. Our curated collection includes updates on sustainability initiatives, product launches, and market expansions, enabling stakeholders to track the company's progress in key growth areas.
Key content categories span quarterly financial results, manufacturing advancements, environmental commitments, and leadership changes. All materials are sourced directly from PPG's corporate communications to ensure accuracy and compliance with disclosure regulations.
Bookmark this page for streamlined access to PPG's latest business developments. Combine our real-time updates with historical announcements to analyze long-term trends in the coatings industry and make data-driven decisions.
PPG (NYSE:PPG) has declared a quarterly dividend of 54 cents per share, set to be paid on March 12 to shareholders of record by February 19. This marks the 490th consecutive dividend payment for PPG, which has raised its annual dividend payout for 49 years and has continuously paid dividends since 1899. Amidst dedicated efforts from employees, PPG remains committed to delivering value through its paints, coatings, and specialty materials, serving various markets worldwide.
PPG (NYSE: PPG) has launched a new business unit called Traffic Solutions, following its acquisition of Ennis-Flint. This unit will focus on manufacturing pavement-marking products to serve various sectors including government and commercial infrastructure. It will collaborate with PPG's mobility team to enhance coatings for autonomous and connected vehicles. CEO Michael McGarry highlighted this as a strategic fit to improve infrastructure for safer driving systems.
PPG (NYSE: PPG) has appointed Bhaskar Ramachandran as the new vice president and chief information officer (CIO), succeeding Chris Caruso, who will retire on March 1, 2021. Ramachandran comes from Jabil Inc., where he led a cloud-based strategy for improved production efficiency. His extensive background includes leadership roles at Textron, Sybase, Prudential Financial, and IBM/PwC. Caruso, who has been with PPG for 24 years, is recognized for his contributions to IT innovation and strategy development.
PPG (NYSE:PPG) has announced a definitive agreement to acquire Wörwag, a coatings manufacturer for industrial and automotive applications. The deal is expected to finalize in the first half of 2021, pending regulatory approvals. Wörwag, founded in 1918 and based in Stuttgart, Germany, reported approximately 220 million euros in revenue for 2020 and employs around 1,100 people globally. This acquisition aims to enhance PPG's product offerings and expand customer distribution.
On January 8, 2021, the VersaFlex Family of Companies announced its acquisition by PPG (NYSE: PPG), a leading global paint and coatings manufacturer. The transaction, advised by Lazard Middle Market, is expected to finalize in Q1 2021, pending customary closing conditions. VersaFlex specializes in protective coatings and foams, serving diverse sectors including industrial and transportation. VersaFlex's President, Rob Pawlak, expressed enthusiasm about the partnership, highlighting the alignment with PPG's high standards and commitment to sustainable value for customers.
PPG (NYSE:PPG) has increased its cash offer to €27.75 per share for Tikkurila (NASDAQ OMX: TIK1V), raising the total transaction value to approximately €1.24 billion, including debt assumption. This amendment follows a competing offer received by Tikkurila. The tender offer is set to commence on or around January 15, 2021, with anticipated completion in Q2 2021, subject to customary conditions. PPG's CEO highlighted the synergistic benefits of the acquisition, which includes leveraging Tikkurila’s distribution network in the Nordic region.
PPG (NYSE: PPG) has announced a definitive agreement to acquire VersaFlex, a company specializing in polyurea, epoxy, and polyurethane coatings, primarily for water and wastewater infrastructure. The acquisition, expected to close in Q1 2021, will enhance PPG's product offerings and expand its market capabilities. VersaFlex, part of DalFort Capital Partners, recorded an estimated 2020 revenue of $70 million and operates three manufacturing sites. This strategic acquisition aims to strengthen PPG's technology portfolio and customer engagement.
PPG has appointed Tony Wu as the new vice president for Greater China industrial coatings and global electronic materials, effective January 1, 2021. Wu joined PPG in 2014 and has expanded his leadership role in the electronic materials segment since 2019. He brings over 20 years of experience in the coatings and chemicals industry, having previously worked at notable companies like BASF and Henkel. Wu holds a bachelor’s degree in biochemistry and an MBA.
PPG (NYSE: PPG) has successfully completed the acquisition of Ennis-Flint, a leader in pavement markings and traffic safety solutions. Ennis-Flint, generating approximately $600 million in revenue for 2020 with mid-teen EBITDA margins, enhances PPG's portfolio in the traffic safety sector. This acquisition is expected to strengthen PPG’s market position and provide synergies in operations. More financial details will be shared during PPG's upcoming fourth quarter earnings call in January 2021.
PPG (NYSE: PPG) is set to announce its fourth quarter and full-year 2020 earnings on January 21, following the close of U.S. stock markets. A teleconference will take place on January 22 at 8 a.m. ET, featuring key executives including Michael H. McGarry and Vincent J. Morales. Interested parties can register for the call or access a live webcast via PPG's Investor Center. The telephone replay will be available from January 22 through February 5. PPG reported net sales of $15.1 billion in 2019, serving diverse markets globally.
