PPG is selling architectural coatings business in U.S., Canada; 1,800 job cuts
PPG (NYSE:PPG) on Thursday said it agreed to sell its architectural-coatings business in the United States and Canada for $550 million to private-equity firm American Industrial Partners, and announced a cost-cutting program that affects about 1,
PPG to lay off 1,800 employees in cost-cut drive, sell coatings unit
PPG Industries will lay off 1,800 employees in the U.S. and Europe and close plants as part of a cost-reduction program, the paints and coatings maker said on Thursday.
PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.
PPG to Sell Architectural Coatings Unit in $550M Deal
Pittsburgh, PA-based paints, coating and specialty materials supplier PPG has agreed to sell its architectural coatings business for $550 million to American Industrial Partners (AIP).
PPG to sell architectural coatings business in United States, Canada
The architectural coatings business in the U.S. and Canada had about $2 billion in revenue in 2023 and includes Glidden, Pittsburgh Paints & Stains, Dulux, Olympic and others.
Pittsburgh-based paints and coatings maker to lay off 1,800 employees
A Pennsylvania-based paints and coatings maker is laying off about 1,800 employees. PPG Industries, headquartered in Pittsburgh, announced the plans last week. It said the layoffs are an effort to cut costs. The job cuts will mostly be in the U.S. and Europe. The company didn't disclose when the cuts would happen.
PPG will lay off 1,800 employees as paints and coatings maker aims to cut costs
PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also inking a deal to sell a sizeable chunk of its architectural business
PPG to lay off 1,800 employees as Pittsburgh-based company aims to cut costs
PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also inking a deal to sell a sizeable chunk of its architectural business. Pittsburgh-based PPG said Thursday that the job cuts would primarily impact positions in the U.
PPG to lay off 1,800 employees, close plants and sell $2 billion business
PPG Industries Inc. said Thursday it plans to cut about 1,800 positions and close an unspecified number of plants under a cost-reduction plan it disclosed while announcing a deal to sell its $2 billion architectural coatings business.
Pa.-based paint company to lay off 1,800 workers
The company said that the bulk of the layoffs, which are part of an effort to cut costs, would largely take place in the U.S.
Major paint company to lay off 1,800 workers, close facilities
PPG is cutting nearly 2,000 jobs in the U.S. and Europe as it undergoes a comprehensive cost reduction program. It's also ...
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PPG to divest US and Canada architectural coatings business
The sale is forecast enhance the company’s portfolio by strengthening its organic growth and financial returns.
How PPG's divestiture could impact its naming rights to PPG Paints Arena
Will the decision by PPG to sell off its domestic paints business have an impact on one of its most visible branding, the PPG ...