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PPG Completes Acquisition of Pittsburgh-based Architectural Paint Distributor, Masterwork Paint Company - PPG Industries announced that its North American architectural coatings business has completed its acquisition of the Masterwork Paint Company, an independent architectural paint distributor headquartered in Pittsburgh - PPG.com
PPG Completes Acquisition of Pittsburgh-based Architectural Paint Distributor, Masterwork Paint Company

 

NewswireToday - /newswire/ - Pittsburgh, PA, United States, 2014/07/01 - PPG Industries announced that its North American architectural coatings business has completed its acquisition of the Masterwork Paint Company, an independent architectural paint distributor headquartered in Pittsburgh - PPG.com. NYSE: PPG

   
 
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The acquisition of Masterwork’s 13-store network throughout Western Pennsylvania, Ohio and New York expands PPG’s company-owned stores footprint. Financial terms were not disclosed.

PPG Architectural Coatings is an industry leader in residential and commercial coatings and products. The business produces paints, stains and specialty coatings marketed under well-recognized product lines such as FLOOD®, GLIDDEN®, LIQUID NAILS®, MANOR HALL®, OLYMPIC®, PPG Paints, PPG PITTSBURGH PAINTS®, PPG PORTER PAINTS® and SIKKENS® brands. Its distribution network includes more than 900 company-owned stores in North America, more than 5,000 independent dealer locations and all major home improvement centers.

PPG: BRINGING INNOVATION TO THE SURFACE™
PPG Industries' vision is to continue to be the world’s leading coatings and specialty materials company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG (ppg.com) has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Reported net sales in 2013 were $15.1 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG).

Forward-Looking Statements
Statements in this news release relating to matters that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 reflecting the company’s current view with respect to future events or objectives and financial or operational performance or results. The forward-looking statements contained herein include statements relating to the expected benefits of the Masterwork acquisition. Actual events may differ materially from current expectations and are subject to a number of risks and uncertainties, including the failure to achieve the expected benefits of the acquisition and the other risks and uncertainties discussed in PPG Industries’ periodic reports on Form 10-K and Form 10-Q, and its current reports on Form 8-K filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of their initial issuance, and PPG Industries does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.
FLOOD, GLIDDEN, LIQUID NAILS, MANOR HALL, OLYMPIC, PPG PITTSBURGH PAINTS and PPG PORTER PAINTS are registered trademarks of the PPG group of companies.
SIKKENS is a registered trademark of AkzoNobel.

Investors: Vince Morales, PPG Investor Relations
P: 412-434-3740 - E: vmorales[.]ppg.com.

 
 
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Written by / Agency / Source: PPG Industries, Inc.

 
 

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PPG Completes Acquisition of Pittsburgh-based Architectural Paint Distributor, Masterwork Paint Company

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PPG Architectural Coating | Masterwork Paint Company
Publisher Contact: Mark Silvey - PPG Corporate Communications 
412-434-3046 silvey[.]ppg.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PPG Industries, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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