PPG divests Traffic Solutions operations in Australia and New Zealand
17 Outubro 2023 - 8:30PM
Business Wire
PPG (NYSE:PPG) today announced that it has divested all Traffic
Solutions operations in Australia and New Zealand to Geveko
Markings, a pavement markings specialist headquartered in Sweden.
Financial terms of the agreement were not disclosed.
The transaction includes a production, quality control and
R&D facility in Ingleburn, Australia; a production facility in
Dandendong, Australia; sales offices in Sydney and Auckland, New
Zealand; and warehouses in Brisbane and Perth, Australia; and
Auckland, New Zealand.
PPG, under the ENNIS-FLINT® by PPG brand, is a leading
manufacturer and supplier of a broad range of traffic safety
product solutions. The Traffic Solutions business was established
by PPG in January 2021 following the December 2020 acquisition of
Ennis-Flint.
“We are laser-focused on driving business growth, and we
regularly review our portfolio to ensure we are in the best
position to continue meeting our customers’ needs and growing
profitably,” said Ed Baiden, PPG global general manager, Traffic
Solutions. “We want to concentrate our investments on strategic
growth areas so that we may continue to be a leader in the industry
as a premier provider of traffic safety product solutions.”
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the
paints, coatings and specialty materials that our customers have
trusted for 140 years. Through dedication and creativity, we solve
our customers’ biggest challenges, collaborating closely to find
the right path forward. With headquarters in Pittsburgh, we operate
and innovate in more than 70 countries and reported net sales of
$17.7 billion in 2022. We serve customers in construction, consumer
products, industrial, and transportation markets and aftermarkets.
To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are
registered trademarks of PPG Industries Ohio, Inc.
Ennis-Flint is a registered trademark of the PPG Group of
Companies.
CATEGORY Corporate
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version on businesswire.com: https://www.businesswire.com/news/home/20231017391103/en/
PPG Media Contact: Mark Silvey Corporate Communications
silvey@ppg.com
Investor Contact: John Bruno Investor Relations +1 412
434 3466 jbruno@ppg.com investor.ppg.com
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