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Stock Market & Financial Investment News

News Breaks
April 17, 2014
14:14 EDTPPGPPG Industries continues to evaluate potential acquisitions
PPG Industries held its annual meeting of shareholders in Pittsburgh, where Chairman and CEO Charles E. Bunch spoke about the company’s recent strategic progress and record financial performance. Looking ahead, Bunch said, “Our focus this year remains on growing the company. To help drive growth in each of our businesses and regions, we are continuing to evaluate potential acquisitions; expanding our organic capital spending; emphasizing our new product development pipeline; investing more in PPG’s brands; and continuing to expand our sustainability initiatives across the world.”
News For PPG From The Last 14 Days
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June 18, 2015
13:24 EDTPPGPPG now sees cost synergies associated with Comex $45M-$50M by end of 2016
PPG Industries held a meeting for securities analysts in Cabo San Lucas, Mexico. During the meeting, PPG reviewed details of PPG-Comex Mexican operations, provided information about the growth of the Mexican economy and PPG-Comex, and toured PPG-Comex concessionaire locations. The company indicated during the meeting it expects cost synergies associated with the Comex acquisition to be $45M-$50M by the end of 2016, up from the company’s previous guidance of $30M-$40M.PPG also issued new acquisition-related revenue synergy targets for the PPG-Comex acquisition. The company expects to generate $40M-$50M in revenue within two years from sales of legacy PPG products through the PPG-Comex distribution network. PPG set a separate revenue target of $60M-$70M within five years for incremental coatings sales in Central America. PPG had previously issued no incremental revenue guidance relating to Comex. PPG completed its acquisition of Comex in November 2014.

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