PPG Industries

PPG Industries

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Type	Public
Traded as	NYSE: PPG S&P 500 Component
Industry	Chemicals
Founded	1883 (1883) Creighton, Pennsylvania, U.S.
Founder	John Baptiste Ford John Pitcairn, Jr.
Headquarters	Pittsburgh, Pennsylvania, U.S.
Area served	Worldwide
Key people	Chuck Bunch (Executive Chairman) Michael McGarry (President & CEO)
Products	Coatings Fiberglass Plate glass
Services	Manufacturing
Revenue	US$15.1 billion (2013)
Operating income	US$1.5 billion (2013)
Net income	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)
Slogan	Bringing Innovation to the Surface
Website	www.ppg.com

PPG Industries is an American Fortune 500 company and global supplier of paints, coatings, specialty materials, chemicals, glass, and fiberglass. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. 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.

History

Founding

Pittsburgh Plate Glass Company plaque in the plaza at PPG Place

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.

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. 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.

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

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. On November 5, 2014 PPG closed a deal, to purchase Mexican Consorcio Comex, S.A. de C.V. (“Comex”) for $2.3 billion

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. Stringent standards were agreed to in a federal court settlement.

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

• Dimetcote
• Self-cleaning glass
• Transitions Lenses, a joint venture since 1990.

External links

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