PPG completes acquisition of architectural paint distributor Westmoreland Supply

31/10/2014
PPG Industries today announced that its North American architectural coatings business has completed its previously announced acquisition of Westmoreland Supply, an independent architectural paint distributor headquartered in Pittsburgh. Financial terms were not disclosed.
 

PITTSBURGH, Oct. 31, 2014 – PPG Industries (NYSE:PPG) today announced that its North American architectural coatings business has completed its previously announced acquisition of Westmoreland Supply, an independent architectural paint distributor headquartered in Pittsburgh. Financial terms were not disclosed.

The acquisition of Westmoreland Supply, which operates a 12-store network throughout Western Pennsylvania and West Virginia, expands PPG’s North American company-owned stores footprint. The locations will operate as part of PPG’s network of more than 900 company-owned stores in North America, and will be rebranded under the company’s new PPG Paints store brand.

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®, HOMAX®, LIQUID NAILS®, OLYMPIC®, PPG Paints, and PPG PITTSBURGH PAINTS® brands. In addition to its company-owned stores, its distribution network throughout the U.S. and Canada includes 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 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). For more information, visit www.ppg.com and follow @PPGIndustries on Twitter.

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 Westmoreland Supply 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, HOMAX, LIQUID NAILS, OLYMPIC and PPG PITTSBURGH PAINTS are registered trademarks of the PPG group of companies.

 
 
Media:
Mark Silvey
PPG Corporate Communications
412-434-3046
silvey@ppg.com

Investors:
Vince Morales
PPG Investor Relations
412-434-3740
vmorales@ppg.com
investor.ppg.com

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