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June 10, 2014
08:11 EDTPPGPPG Industries to acquire Masterwork, terms not disclosed
PPG Industries announced that its North American architectural coatings business has reached a definitive agreement to acquire Masterwork, an independent architectural paint distributor headquartered in Pittsburgh. The acquisition of Masterwork, which operates a 13-store network throughout Western Pennsylvania, Ohio and New York, will expand PPG’s company-owned stores footprint in the region. The transaction is expected to close in Q3, subject to customary closing conditions. Financial terms were not disclosed.
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