Issue Date: December 24, 2012
PPG To Acquire AkzoNobel’s U.S. Paint Business
A leading U.S. paint brand is changing hands between global chemical companies. AkzoNobel has agreed to sell its North American architectural paint business, which includes the Glidden coatings line, to PPG Industries for $1.05 billion.
The business being sold had 2011 sales of about $1.5 billion. Its roughly 5,000 employees work at eight manufacturing plants, 600 AkzoNobel-owned paint stores, and other company locations.
Akzo acquired the business in 2008 as . . .
You Do Not Have Access to C&EN Protected Content.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society