PPG has agreed to sell 100 percent of its architectural coatings business in the U.S. and Canada for US$550 million to American Industrial Partners, a New York City-based private equity firm. PPG said that division in the U.S. and Canada represented approximately US$2 billion of its 2023 total net sales. The company’s annual sales in 2023 were US$18.2 billion. The transaction is expected to close in late 2024 or early 2025.
PPG’s brands include Glidden, Pittsburgh Paints, Manor Hall, Olympic, Liquid Nails, Homax, Flood, Sico, and Dulux (in Canada). In Canada, PPG has manufacturing facilities and DCs in Delta, B.C., and Vaughan, Ont., as well as a DC in Moncton.
Sarah McGoldrick
