BRIEF-PPG Reaches Agreement To Sell Architectural Coatings US And Canada Business To American Industrial Partners-March 2024-www.financetom.com

BRIEF-PPG Reaches Agreement To Sell Architectural Coatings US And Canada Business To American Industrial Partners

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BRIEF-PPG Reaches Agreement To Sell Architectural Coatings US And Canada Business To American Industrial Partners

Oct 17, 2024 2:22 PM

Oct 17 (Reuters) - PPG Industries Inc ( PPG ):

* PPG REACHES AGREEMENT TO SELL ARCHITECTURAL COATINGS U.S.

AND

CANADA BUSINESS TO AMERICAN INDUSTRIAL PARTNERS; ANNOUNCES

COMPREHENSIVE COST REDUCTION PROGRAM

* PPG INDUSTRIES INC ( PPG ) - TRANSACTION VALUE OF $550 MILLION

* PPG INDUSTRIES INC ( PPG ) - TO RECORD $250 MILLION PRE-TAX CHARGE

IN Q4

2024

* PPG INDUSTRIES INC ( PPG ) - ANNOUNCES COST REDUCTION PROGRAM WITH

$175

MILLION ANNUALIZED SAVINGS

* PPG INDUSTRIES INC ( PPG ) - COST REDUCTION PROGRAM TO IMPACT

ABOUT

1,800 POSITIONS

* PPG INDUSTRIES INC ( PPG ): TRANSACTION EXPECTED TO CLOSE IN LATE

2024

OR EARLY 2025

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