Ppg reaches agreement to sell architectural coatings u.s. and canada business to american industrial partners; announces comprehensive cost reduction program

Pittsburgh--(business wire)--ppg (nyse: ppg), a global leader in paints, coatings, and specialty materials, today announced that it has reached a definitive agreement to sell 100% of its architectural coatings business in the u.s. and canada at a transaction value of $550 million to american industrial partners (aip), an industrials investor. the transaction, which is expected to close in late 2024 or early 2025, subject to customary closing conditions, is the result of ppg's evaluation of stra.
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