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PPG Industries

PPG Industries
Public
Traded as
Industry
Founded Creighton, Pennsylvania, United States (1883 (1883))
Founder
Headquarters Pittsburgh, Pennsylvania, U.S.
Area served
Worldwide
Key people
Michael H. McGarry (Chairman & CEO)
Products
Services Manufacturing
Revenue US$ 15.1 billion (2013)
US$ 1.5 billion (2013)
US$ 1.0 billion (2013)
Total assets US$ $15.9 billion (2013)
Total equity US$ $4.9 billion (2013)
Number of employees
42,600 (2013)
Website .comppg

PPG Industries is an American global supplier of paints, coatings, optical products, specialty materials, chemicals, glass, and fiberglass. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. Sales in 2013 were $15.1 billion. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Philip Johnson.

Contents

  • History 1
    • 20th century 1.1
    • 21st century 1.2
  • Environmental record 2
  • See also 3
  • References 4
  • External links 5

History

Plaque for Pittsburgh Plate Glass Company

Pittsburgh Plate Glass Company was founded in 1883 by Captain John Baptiste Ford and John Pitcairn, Jr., at Creighton, Pennsylvania.

20th century

On 19 December 1968 the company changed its name to PPG Industries, Inc., to show its diverse offerings. Ditzler Color Company, established in 1902 in Detroit as an automotive color concern, was purchased by Pittsburgh Plate Glass Company (now PPG) in 1928. In the mid-1980s, Cipisa, a Spanish paint company was acquired and renamed PPG Ibérica. The CEO of Cipisa, Pere Nadal Carres became CEO of PPG Ibérica. In 1990 PPG founded Transitions Optical as a joint venture with Essilor.[1]

21st century

In 2007, the company was involved in a lawsuit on failing to disclose a purchase reduction of its two major auto glass customers.[2] On 2 January 2008, PPG acquired the SigmaKalon Group of companies for $3.2 billion from private investment firm Bain Capital, strongly increasing its paint and specialty coatings business.[3]

In April 2013, PPG completed the acquisition of AkzoNobel North American architectural coatings business including Glidden, Liquid Nails, and Flood brands.[4]

On April 1, 2014, PPG finalized the sale of Transitions Optical to its joint venture partner, Essilor International of France, however, PPG’s technical center in Monroeville will continue to provide research and development services for Transitions.[5] [6] On November 5, 2014 PPG closed a deal, to purchase Mexican Consorcio Comex, S.A. de C.V. (“Comex”) for $2.3 billion [7]

In April 2015, PPG Industries completed the acquisition of REVOCOAT, a global supplier of sealants.

Environmental record

Remediation at Canal Crossing, Jersey City.

In November 2010, PPG agreed to remove 700,000 tons of toxic waste from Canal Crossing, a brownfield site in Jersey City, New Jersey where the company operated a chromium processing plant between 1954 and 1963.[8][9][10][11] Stringent standards were agreed to in a federal court settlement.[12]

Lime Lake Reclamation Project of PPG Industries in Barberton, Ohio, received special awards in the National Beneficial Use of Biosolids Program from Environmental Protection Agency’s (EPA) region 5 in 1998.

See also

References

  1. ^ Gannon, Joyce (January 15, 2013). "PPG, Essilor may make transition - Pittsburgh Post-Gazette". Pittsburgh Post-Gazette. 
  2. ^ Gannon, Joyce (January 4, 2008). "Retired exec returns to PPG auto glass unit". Pittsburgh Post-Gazette. Retrieved Jul 18, 2013. 
  3. ^ "PPG Completes Acquisition of SigmaKalon Group". Reuters. January 2, 2008. 
  4. ^ "PPG completes acquisition of AkzoNobel North American architectural coatings business" April 1, 2012
  5. ^ Gannon, Joyce (April 1, 2014). "PPG finalizes sale of Transitions Optical for $1.73 billion - Pittsburgh Post-Gazette". Pittsburgh Post-Gazette. 
  6. ^ http://www.ppg.com/optical/opticalproducts/Pages/default.aspx
  7. ^ "PPG completes acquisition of Comex" November 5, 2014
  8. ^ McDonald, Terrence T. (March 6, 2011). "More than 50,000 tons of soil removed from chromium site in Jersey City". The Jersey Journal 
  9. ^ Frohling, John B. (April 15, 2009). "Morris Canal Associates/Proposed Settlement Agreement Between PPG and the City of Jersey City" (PDF). www.state.nj.us/Frohling Assoc, LLC. 
  10. ^ Murray, Brian T. (June 12, 2009). "N.J. delays decision on setting stricter limits on carcinogen chromium". The Star-Ledger 
  11. ^ Arrue, Karina L. (October 21, 2010). "Jersey City is only New Jersey recipient of $2.3 million in federal grant money to fund planning for 7,000-unit development on 111-acre wasteland currently being cleaned of toxins". Jersey Journal. Retrieved 2011-04-03 
  12. ^ Navarro, Miyera (April 5, 2011). "Better Cleanup Planned at Former Chrome Plant". The New York Times. Retrieved 2011-04-06 

External links

  • Official website
  • PPG Automotive Refinish
  • PPG Automotive OEM Coatings
  • Pittsburgh Glass Works
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