PPG Launches Traffic Solutions Business Following Ennis-Flint Acquisition
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.
- Launch of the Traffic Solutions business unit enhances PPG's product portfolio.
- New unit expected to address growing infrastructure needs in the government and commercial sectors.
- Collaboration with mobility team indicates potential for innovation in coatings for autonomous vehicles.
- None.
PPG (NYSE: PPG) today announced that it has established a new business unit called Traffic Solutions, following the company’s December 2020 acquisition of Ennis-Flint.
The business unit will manufacture and supply a broad, global portfolio of pavement-marking products, including paint, thermoplastics and other advanced technologies, to customers in government, military, contracting, commercial infrastructure, engineering and architecture. The newly-formed business unit will also partner with PPG’s mobility team to identify opportunities to supply innovative coatings to help support infrastructure needs that enable autonomous driving and enhance future autonomous, connected, electric and shared vehicle solutions.
The Traffic Solutions business unit joins PPG’s Architectural Coatings, Aerospace, Automotive Refinish, and Protective and Marine Coatings strategic business units as part of PPG’s Performance Coatings reportable segment.
“We are excited about the new capabilities and growth opportunities in Traffic Solutions and the business unit’s complementary fit within PPG’s portfolio,” said Michael McGarry, PPG chairman and chief executive officer. “As we strive to enhance our existing mobility technologies, the Traffic Solutions business unit will expand our capability to support improved infrastructure for safer driver-assisted and autonomous driving systems.”
Click here to learn more about PPG’s mobility solutions.
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FAQ
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