|Pittsburgh Plate Glass Company (1883–1968)|
Creighton, Pennsylvania, U.S.
|Headquarters||Pittsburgh, Pennsylvania, U.S.|
|Michael H. McGarry
(Chairman & CEO)
|Products||Basic and industrial chemicals, decorative paints, industrial (re)finishing products, coatings|
|Revenue||US$15.33 billion (2015)|
|US$1.92 billion (2015)|
|US$1.40 billion (2015)|
|Total assets||US$17.07 billion (2015)|
|Total equity||US$4.98 billion (2015)|
Number of employees
PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, specialty materials, and fiberglass. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By revenue it is the largest coatings company in the world. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Philip Johnson.
Founding and 20th century
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Based in Creighton, Pennsylvania (about 20 miles north of Pittsburgh along the Allegheny River), PPG soon became the United States' first commercially successful producer of high-quality, thick flat glass using the plate process. PPG was also the world's first plate glass plant to power its furnaces with locally produced natural gas, an innovation which rapidly stimulated widespread industrial use of the cleaner-burning fuel.
PPG expanded quickly. By 1900, known as the "Glass Trust", it included 10 plants, had a 65 percent share of the U.S. plate glass market, and had become the nation's second largest producer of paint. Today, known as PPG Industries, the company is a multibillion-dollar, Fortune 500 corporation with 150 manufacturing locations around the world. It now produces coatings, glass, fiberglass, and chemicals.
Pitcairn served as a director of PPG from its start, its president from 1897 to 1905, and chairman of the board from 1894 until his death.
On 19 December 1968 the company changed its name to PPG Industries, Inc., to show its diverse offerings. Ditzler Color Company, established in 1902 in Detroit as an automotive color concern, was purchased by Pittsburgh Plate Glass Company (now PPG) in 1928. In the mid-1980s, Cipisa, a Spanish paint company was acquired and renamed PPG Ibérica. The CEO of Cipisa, Pere Nadal Carres became CEO of PPG Ibérica. In 1990 PPG founded Transitions Optical as a joint venture with Essilor.
In October 2000, PPG Industries announced it had agreed to buy Courtaulds Aerospace for $512.5 million. Based in Glendale, California, the aerospace business has annual sales of approximately $US240 million, employs 1,200 people. It manufactures sealants in Glendale, California, US and Shildon, England; coatings and sealants in Mojave, California, US; glazing sealants at Gloucester City, New Jersey, US; and coatings at Gonfreville, France. The business also operates 14 application-support centres in North America, Europe, Africa, Asia and Australia.
In 2007, the company was involved in a lawsuit on failing to disclose a purchase reduction of its two major auto glass customers. On 2 January 2008, PPG acquired the SigmaKalon Group of companies for $3.2 billion from private investment firm Bain Capital, strongly increasing its paint and specialty coatings business.
In 2008, PPG renamed their automotive glass division PGW (Pittsburgh Glass Works) and sold a majority of it to Kohlberg & Company. PPG retained 40% ownership of PGW until March 2016 when they sold their stake to automotive parts salvage company LKQ 
In April 2013, PPG completed the acquisition of AkzoNobel North American architectural coatings business including Glidden, Liquid Nails, and Flood brands. 2013 revenue was US$15.1 billion, while assets were US$15.9 billion.
On April 1, 2014, PPG finalized the sale of Transitions Optical to its joint venture partner, Essilor International of France, however, PPG’s technical center in Monroeville will continue to provide research and development services for Transitions. On November 5, 2014 PPG closed a deal, to purchase Mexican Consorcio Comex, S.A. de C.V. (“Comex”) for $2.3 billion 
In April 2015, PPG Industries completed the acquisition of REVOCOAT, a global supplier of sealants. Chuck Bunch remains Executive Chairman, while Michael McGarry serves as President & CEO.
Attempted acquisition of AkzoNobel
In March 2017, the company launched an unsolicited takeover bid of €20.9bn, which was promptly rejected by AkzoNobel’s management. Days later, the company again launched an increased bid of €24.5 billion ($26.3 billion), which was again rejected by AkzoNobel’s management. A number of shareholders urged AkzoNobel to explore the offer and subsequent negotiations. In April, activist investor, Elliot Investors' called for the removal of Chairman of Akzo - Antony Burgmans follwoing Akzo's refusal to enter talks with PPG. Elliott, which has a 3.25% stake in the company, claimed it was one of a group of investors that met the Dutch legal threshold of 10% voting-share support, which is needed to call an extraordinary meeting to vote on a proposal to remove Burgmans. On April 13, Templeton Global Equity said it was among another group of investors calling for an extraordinary meeting of AkzoNobel shareholders to discuss Burgmans continued tenure as Chairman. Later, in the same month Akzo outlined its plan to separate its chemicals division and pay shareholders €1.6 billion in extra dividends, in order to attempt to hold-off PPG. The new Akzo strategy was dismissed by PPG, who claimed that there off represented better value for shareholders, supported by activist Akzo shareholder, Elliot Advisors. On April 24, a day before Akzo's annual meeting of shareholders, PPG increased its final offer by approximately 8% to $28.8 billion (€26.9 billion, €96.75 per share) - with Akzo's share pricing rising 6% to a record price of €82.95 per share. Akzo shareholder, Columbia Threadneedle Investments, urged the company to open dialogue with PPG, whilst PPG claimed that the deal would add to earning within its first year.
In November 2010, PPG agreed to remove 700,000 tons of toxic waste from Canal Crossing, a brownfield site in Jersey City, New Jersey where the company operated a chromium processing plant between 1954 and 1963. Stringent standards were agreed to in a federal court settlement.
Lime Lake Reclamation Project of PPG Industries in Barberton, Ohio, received special awards in the National Beneficial Use of Biosolids Program from Environmental Protection Agency’s (EPA) region 5 in 1998.
- Columbia-Southern Chemical Corporation
- Self-cleaning glass
- Transitions Lenses, a joint venture since 1990.
- Bristol Paint, purchased by PPG in 2007
- "Coatings World".
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- "PPG Completes Acquisition of SigmaKalon Group". Reuters. January 2, 2008.
- Research, Zacks Investment. "PPG Industries (PPG) to Sell Minority Interest in PGW".
- "PPG completes acquisition of AkzoNobel North American architectural coatings business" April 1, 2012
- Gannon, Joyce (April 1, 2014). "PPG finalizes sale of Transitions Optical for $1.73 billion - Pittsburgh Post-Gazette". Pittsburgh Post-Gazette.
- "PPG completes acquisition of Comex" November 5, 2014
- "Mexico's Vitro to buy PPG's flat glass unit for $750 million". July 21, 2017 – via Reuters.
- "Consol Energy Center has become PPG Paints Arena".
- "Subscribe to read".
- "PPG Makes Revised Proposal to Combine with AkzoNobel".
- "AkzoNobel shareholders turn up the heat on Dulux owner over rejected PPG takeover bid".
- Whitfield, Graeme (24 March 2017). "Largest shareholder at big North East employer AkzoNobel urges takeover talks".
- Sherman, Natalie (12 April 2017). "Akzo Nobel faces call to axe chairman amid takeover battle" – via www.bbc.co.uk.
- Editorial, Reuters. "Another Akzo Nobel investor calls for meeting on chairman".
- Editorial, Reuters. "Akzo Nobel unveils plan to separate chemicals arm, pay special dividend".
- Editorial, Reuters. "Akzo Nobel beats on first quarter operating profit, sees 2017 growth".
- Editorial, Reuters. "PPG Industries says Akzo Nobel's new plan is worse for shareholders".
- Keidan, Toby Sterling and Maiya. "PPG dismisses Akzo Nobel defence, presses takeover case".
- Editorial, Reuters. "Elliott calls Akzo Nobel strategic plan 'incomplete'".
- Sterling, Toby. "PPG raises offer for Akzo Nobel to $29 billion".
- Editorial, Reuters. "Akzo Nobel shareholder Columbia Threadneedle urges talks with PPG".
- Editorial, Reuters. "Akzo Nobel purchase would add to earnings in first year - PPG CEO".
- McDonald, Terrence T. (March 6, 2011). "More than 50,000 tons of soil removed from chromium site in Jersey City". The Jersey Journal
- Frohling, John B. (April 15, 2009). "Morris Canal Associates/Proposed Settlement Agreement Between PPG and the City of Jersey City" (PDF). www.state.nj.us/Frohling Assoc, LLC.
- Murray, Brian T. (June 12, 2009). "N.J. delays decision on setting stricter limits on carcinogen chromium". The Star-Ledger
- Arrue, Karina L. (October 21, 2010). "Jersey City is only New Jersey recipient of $2.3 million in federal grant money to fund planning for 7,000-unit development on 111-acre wasteland currently being cleaned of toxins". Jersey Journal. Retrieved 2011-04-03
- Navarro, Miyera (April 5, 2011). "Better Cleanup Planned at Former Chrome Plant". The New York Times. Retrieved 2011-04-06
- "Dover International Speedway - Day 1 Photos and Images | Getty Images". www.gettyimages.com. Retrieved 2016-10-04.
- "PPG to acquire naming rights to Consol Energy Center". Retrieved 2016-10-04.
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