PPG Announces Agreement with Vizient for Paint Products, Expanding Market Share Opportunity in Healthcare Segment

Rhea-AI Summary

PPG (NYSE: PPG) has entered into an agreement with Vizient, the largest performance improvement company in healthcare, allowing its members to purchase PPG paint products at contracted prices. These products include low or zero volatile organic compound (VOC) options suitable for healthcare settings. The deal aims to support facility managers by providing innovative paint solutions that facilitate maintenance projects. PPG's PURE PERFORMANCE® interior latex primer is highlighted as a key product, emphasizing its low odor and quick dry time, making it ideal for hospitals.

Positive

• Agreement with Vizient expands PPG's market reach in the healthcare sector.
• PPG paint products offered include low and zero VOC options, catering to health-conscious buyers.
• Potential future availability of antimicrobial paint products enhances product appeal.

Negative

• None.

PPG (NYSE: PPG) today announced an agreement with Vizient, the nation’s largest member-driven healthcare performance improvement company. Financial details of this agreement were not disclosed.

Vizient members will be able to purchase a variety of PPG paint products at contracted pricing, including those with low or zero volatile organic compounds* (VOC). The paint is available for maintenance and decoration across Vizient’s member healthcare organizations, including large integrated delivery networks, academic medical centers, community hospitals, pediatric facilities and non-acute care providers.

One of the PPG paint products available through the agreement is PPG PAINTS™ PURE PERFORMANCE® interior latex primer, a premium low-odor, zero-VOC* primer, ideal for hospitals due to its low odor and fast dry time. Antimicrobial PPG paint products may be available through the agreement in the future.

“PPG is proud to be Vizient’s paint supplier, offering innovative products that will support the company’s healthcare members, which include more than half of the nation’s acute care providers and over 20% of ambulatory care providers,” said Vinny O’Sullivan, PPG senior general manager, trade, architectural coatings, U.S. and Canada. “At PPG, we know that facility managers for medical providers want to keep their locations clean and updated through paint maintenance projects that are not time-intensive. PPG has the industry-leading expertise, customer support and product solutions to accomplish these jobs.”

*Colorants added to these base paints may increase the VOC level significantly depending on color choice.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world and PPG Paints are trademarks and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.
Pure Performance is a registered trademark of PPG Architectural Finishes, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210331005102/en/

FAQ

What is the new agreement between PPG and Vizient?

PPG has partnered with Vizient to allow its members to purchase PPG paint products at contracted pricing.

What types of paint products does PPG offer to Vizient members?

PPG offers various paint products, including low and zero VOC options, suitable for maintenance in healthcare facilities.

How does the PPG PURE PERFORMANCE® product cater to healthcare needs?

The PURE PERFORMANCE® interior latex primer is designed for hospitals due to its low odor and fast drying properties.

What is the significance of PPG's partnership with Vizient?

This partnership allows PPG to expand its presence in the healthcare market, tapping into a network of numerous acute and ambulatory care providers.