Posts Tagged ‘ PPG ’

PPG Ends AkzoNobel Takeover Bid

Jun 1st, 2017

PPG has withdrawn its $27.6 billion proposal to combine with AkzoNobel and will not pursue a public offer for all the issued and outstanding shares of the Dutch company. “We were hopeful throughout this process that AkzoNobel’s Boards would see the merits of our compelling proposal to combine our two great companies and create significant […]

PPG-AkzoNobel Drama Continues

May 25th, 2017

PPG’s attempt to acquire AkzoNobel appears far from over, despite the latter company rejecting a third takeover offer earlier this month. A group of AkzoNobel shareholders, led by activist hedge fund Elliott Advisors, sued the Dutch company Monday over its management’s rejection to discuss a possible deal with PPG. AkzoNobel previously turned down three increasingly […]

AkzoNobel Turns Down Another PPG Offer

May 9th, 2017

Dutch chemicals company AkzoNobel has rejected a third takeover bid from U.S.-based PPG, both companies announced Monday. AkzoNobel produces coil and extrusion coatings for glazing systems and other façade elements. PPG exited the glass manufacturing business last year when it sold that segment to Mexico-based Vitro, though the company still supplies coil and extrusion coatings […]

AkzoNobel-PPG Merger Still Up in the Air

Mar 24th, 2017

The world’s two largest coatings companies, which both produce products for the architectural glazing and metal panels markets, are at odds about whether they should join forces. AkzoNobel has rejected a second proposal from PPG to acquire the Europe-based business, this time for $26.3 billion. Among other products, AkzoNobel supplies fluoropolymer coatings used in architectural applications […]

PPG Appoints New CFO

Jan 23rd, 2017

PPG Industries announced its board of directors elected Vincent J. Morales as senior vice president and chief financial officer (CFO), effective March 1. He will replace Frank S. Sklarsky as CFO. Morales, who will report to chairman and CEO Michael H. McGarry, will also join PPG’s executive and operating committees. “During the last four years, […]

NFRC Welcomes New Board Members

Dec 2nd, 2016

The National Fenestration Rating Council (NFRC) elected four new members to its 2017 Board of Directors. • Fenestration Industry (Glass Manufacturer): Paul Bush, PPG Industries, Inc.; • Fenestration Industry (Unspecified): Joe Hayden, Pella Windows and Doors; • General Interest (Unspecified): Bipin Shah, WinBuild, Inc., and: • General Interest (Not-for-profit institute of research or higher education): Charlie Curcija, […]

Video Newscast: What’s New in Safety and Efficiency?

Oct 21st, 2016

GlassBuild America is underway in Las Vegas. Exhibitors are focusing on critical areas, such as safety and efficiency. We also got an update on the Vitro-PPG acquisition. Watch today’s video to learn more. Click HERE to watch the video on Youtube.

Vitro Finalizes PPG Flat Glass Acquisition

Oct 3rd, 2016

Vitro, the leading glass manufacturer in Mexico, has successfully concluded the acquisition of PPG’s flat glass business, a $750 million deal that was initially announced in July. The transaction was approved by the governing bodies of both companies and by the relevant regulatory authorities in the United States and Canada. The business includes four manufacturing plants […]

Vitro CEO on PPG Deal: “We’re Very Excited”

Aug 1st, 2016

On July 21, a blockbuster deal was announced in the glass business: PPG, which helped launch the industry in the U.S. 133 years ago, sold the assets of its flat glass division to Mexico-based manufacturer Vitro for $750 million in gross cash proceeds. In the days that followed, DWM examined the impact of the mega-deal on PPG’s business in a series […]

Vitro’s Purchase of PPG Glass: Looking Forward

Jul 27th, 2016

Many factors came into play to make PPG’s glass business a fit for Vitro, which purchased the division last week. One of them was the Mexican manufacturer’s desire to bolster its research branch. PPG vice president of flat glass Dick Beuke told DWM in an exclusive interview that “the biggest thing” that attracted Vitro to the […]

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