PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it has reached a definitive agreement to acquire ProCoatings, a leading architectural paint and coatings wholesaler located in The Netherlands. PPG expects the transaction to close in the first quarter 2018, subject to customary closing conditions. Financial terms of the transaction were not disclosed.
ProCoatings, established in 2001, distributes a large portfolio of well-known professional paint brands through its network of 23 multi-brand stores. The company employs nearly 100 people.
“ProCoatings is a well-managed business, providing excellent customer service to a diverse portfolio of customers in the west and north of The Netherlands,” said Jean-Marie Greindl, PPG senior vice president, global architectural coatings, and president, PPG Europe, Middle East and Africa (EMEA). “This acquisition will provide our business with even greater opportunities to support our customers and strengthen our presence in this important market.”
PPG’S PRESENCE IN THE NETHERLANDS
PPG is a leading global supplier of paints, coatings and specialty materials and has a deep commitment and a long history in The Netherlands, dating back nearly 300 years. Today, PPG employs nearly 1,000 people in The Netherlands and operates facilities in Tiel, Delfzijl, Amsterdam, Uithoorn, and Den Bosch.
Through PPG’s COLORFUL COMMUNITIES™ initiative, which transforms community spaces by providing PPG volunteers and donated PPG products, the company recently helped revitalize the facilities of the Royal Dutch Guide Dog Foundation in Amstelveen, Netherlands and the Amsta Karaad residential care facility in Amsterdam. PPG also has been a significant financial contributor to the NEMO Science Center in Amsterdam, and the company matches employee charitable contributions in The Netherlands and across Europe in addition to our North American operations.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 130 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $14.3 billion in 2016. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.