PPG Completes $1.05 Billion Acquisition Of Akzo Nobel Coatings Unit

PPG Place in downtown Pittsburgh, Pennsylvania.

PPG Place in downtown Pittsburgh, Pennsylvania. (Photo credit: Wikipedia)

PPG Industries said today it completed its $1.05 billion acquisition of Akzo Nobel‘s North American architectural coatings business.

The purchase, the second largest in PPG’s history, strengthens the Pittsburgh company’s paint and coating business, which is anticipated to benefit from a revival of the U.S. housing market.

Read more: http://www.post-gazette.com/stories/business/news/ppg-completes-105-billion-acquisition-of-akzo-nobel-coatings-unit-681682/#ixzz2PGEFDIdD