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PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials.With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe.
Glidden is an American paint brand, manufactured by PPG Industries. Glidden was purchased by British conglomerate ICI in 1986, which in turn was later acquired by Dutch conglomerate AkzoNobel in 2008. PPG Industries announced an agreement to acquire Glidden from
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Under Dutch company law, PPG had to then decide to either make a formal bid or walkaway. [37] In early June, PPG chose to walk away from the potential deal. [38] [39] As part of Akzo's defense to shareholders, many of whom pushed for the deal, chief executive Ton Büchner agreed to split Akzo in two and achieve increased financial targets. [40]
Valspar was founded in 1806 as a paint dealership in Boston, Massachusetts. The Valspar name emerged in 1903 as the name of a clear varnish and became the company name in 1932. [citation needed] On March 20, 2016, Sherwin-Williams announced its intention to pay $9.3 billion to acquire Valspar. [5] The acquisition finalized on June 1, 2017. [6]
Dulux Australia was formerly a major player in all paint markets (decorative, automotive, refinish, industrial, powder coatings), but sold off the technical markets (and the Clayton site) to PPG Industries, concentrating on decorative, woodcare and powder coatings, and moving to a new site on Dandenong Road, Clayton, previously owned by Pond's.
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