ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
PPG Industries has completed the $3.2 billion purchase of Dutch paint maker SigmaKalon Group from private equity firm Bain Capital. According to PPG CEO Charles E. Bunch, the acquisition "sharply increases the proportion of sales coming from architectural or decorative coatings." However, PPG has run into a problem selling its automotive glass business. Proceeds from the planned $500 million sale to Platinum Equity Group were to have helped pay for SigmaKalon. The private investment firm claims the business is in worse financial shape than PPG had indicated but says it is willing to renegotiate the purchase price. The two have taken their dispute to court. PPG says it will explore "other strategic alternatives" for the glass business if it doesn't close the deal with Platinum.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on Twitter