PPG To Acquire AkzoNobel’s U.S. Paint Business | December 24, 2012 Issue - Vol. 90 Issue 52 | Chemical & Engineering News
Volume 90 Issue 52 | p. 11 | News of The Week
Issue Date: December 24, 2012

PPG To Acquire AkzoNobel’s U.S. Paint Business

Acquisitions: Sale ends four-year run in the U.S. for the Dutch firm
Department: Business
Keywords: paints, coatings, acquisitions

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 . . .

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