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Feb 27, 2024

PPG reviews strategic alternatives for architectural coatings business

PPG, a paints and coatings manufacturer, is undergoing an assessment of strategic alternatives for its architectural coatings business in the US and Canada. The architectural coatings business in the US and Canada operates under the company’s performance coatings segment. It manufactures and sells interior and exterior paints, stains, caulks, repair products, adhesives, and sealants for homeowners and professionals. It also includes certain light-duty protective coatings products that are primarily sold through company-owned stores and manufactured through a common factory footprint.

In total, the distribution network includes more than 15,000 touchpoints through company-owned stores, independent dealer locations, and major home improvement centres and retailers. In 2023, this business represented approximately 10 percent of PPG’s total net sales.

The company says there is no assurance that the review will result in any transaction or other outcome and it does not intend to disclose developments or provide updates on the progress or status of the review unless and until it deems further disclosure is appropriate or required.

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