PPG Sells Traffic Equipment Manufacturer Eberle Design, Inc.

Rhea-AI Summary

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.

Positive

• Strategic divestiture of Eberle Design, Inc. may allow PPG to focus on core business areas.
• Vance Street Capital's acquisition strengthens its Intelligent Transportation Systems platform.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced that it has completed the divestiture of Eberle Design, Inc. (EDI) to Vance Street Capital. Terms of the transaction were not disclosed.

EDI is a leading manufacturer of electronic control system components used for managing traffic safety and detecting vehicles at intersections, and for parking and access, rail, and emergency vehicle applications. The company has approximately 150 employees and operates from a single location in Phoenix, Arizona. Vance Street will incorporate EDI into its Intelligent Transportation Systems (ITS) platform, which includes Polara Enterprises and Carmanah Technologies.

PPG acquired EDI in December 2020, along with the Ennis-Flint business. Ennis-Flint remains the core of PPG’s Traffic Solutions business unit and is not impacted by the sale of EDI.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for nearly 140 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 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

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CATEGORY Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20220614005316/en/

Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

Investor Contact:

John Bruno

Investor Relations

+1-412-434-3466

jbruno@ppg.com

investor.ppg.com

Source: PPG

FAQ

What did PPG announce regarding Eberle Design, Inc.?

PPG announced the completion of the divestiture of Eberle Design, Inc. to Vance Street Capital.

What is the significance of the divestiture of Eberle Design, Inc. for PPG?

The divestiture allows PPG to streamline operations and concentrate on its core Traffic Solutions business.

Where is Eberle Design, Inc. located?

Eberle Design, Inc. operates from a single location in Phoenix, Arizona.

How many employees does Eberle Design, Inc. have?

Eberle Design, Inc. has approximately 150 employees.

When did PPG acquire Eberle Design, Inc.?

PPG acquired Eberle Design, Inc. in December 2020.