PPG sold its US and Canada architectural coatings business to American Industrial Partners for $550 million.
The divested unit, with $2 billion in 2023 sales, had low EBITDA margins.
The sale optimises PPG’s portfolio, boosting growth focus and segment margins.
PPG’s global architectural coatings business remains a core part of its portfolio.
Goldman Sachs and Hogan Lovells advised on the deal.
The divested unit, with $2 billion in 2023 sales, had low EBITDA margins.
The sale optimises PPG’s portfolio, boosting growth focus and segment margins.
PPG’s global architectural coatings business remains a core part of its portfolio.
Goldman Sachs and Hogan Lovells advised on the deal.
