PPG Sells Architectural Coatings US and Canada Business, Plans to Reduce Workforce by 1,800
PPG announced that it has reached a definitive agreement to sell 100% of its architectural coatings business in the United States and Canada at a transaction value of $550 million to American Industrial Partners (AIP), an industrials investor. The company also announced additional cost reduction actions that it expects to result in approximately 1,800 positions. […]
