{"id":405493,"date":"2020-12-24T08:34:35","date_gmt":"2020-12-24T13:34:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405493"},"modified":"2020-12-24T08:34:35","modified_gmt":"2020-12-24T13:34:35","slug":"ppg-completes-acquisition-of-global-coatings-manufacturer-ennis-flint","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-completes-acquisition-of-global-coatings-manufacturer-ennis-flint\/","title":{"rendered":"PPG completes acquisition of global coatings manufacturer Ennis-Flint"},"content":{"rendered":"

<\/p>\n

PPG completes acquisition of global coatings manufacturer Ennis-Flint<\/b><\/p>\n

PITTSBURGH–(BUSINESS WIRE<\/a>)–
\nPPG (NYSE:PPG) today announced that it has completed its acquisition of Ennis-Flint.\n<\/p>\n

\nEnnis-Flint is a global leader in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems. The company has approximately 1,000 employees globally, with a network of manufacturing facilities within the United States, Europe, South America, Australia and Asia. Ennis-Flint\u2019s full year of 2020 revenue is expected to be approximately $600 million, with mid-teen percentage EBITDA margins.\n<\/p>\n

\nPPG will provide additional details relating to the business acquisition, including acquisition-related financial impacts, during the company\u2019s fourth quarter earnings conference call in January 2021.\n<\/p>\n

PPG: WE PROTECT AND BEAUTIFY THE WORLD\u2122<\/b><\/p>\n

\nAt PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers\u2019 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 $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThe forward-looking statements contained herein include statements relating to Ennis-Flint\u2019s full year of 2020 revenue and margins. Actual results may differ materially from current expectations and are subject to a number of risks and uncertainties, including government funding levels, the effect of the Covid-19 pandemic and the other risks and uncertainties discussed in PPG\u2019s periodic reports on Form 10-K and Form 10-Q and its current reports on Form 8-K filed with the Securities and Exchange Commission.\n<\/p>\n

We protect and beautify the world<\/i> is a trademark and the PPG Logo <\/i>is a registered trademark of PPG Industries Ohio, Inc.\n<\/p>\n

\nCATEGORY Financial\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201224005005\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Mark Silvey
\n
Corporate Communications
\n
+1-412-434-3046
\n
silvey@ppg.com
\n<\/a><\/p>\n

Investor Contact:
\n<\/b>
John Bruno
\n
Investor Relations
\n
+1-412-434-3466
\n
jbruno@ppg.com
\n<\/a>
investor.ppg.com<\/a><\/p>\n

KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Automotive Textiles Packaging Other Retail Engineering Chemicals\/Plastics Aerospace Specialty Manufacturing General Automotive Building Systems Residential Building & Real Estate Commercial Building & Real Estate Construction & Property Retail Finance Accounting Interior Design Professional Services Architecture Home Goods<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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PPG completes acquisition of global coatings manufacturer Ennis-Flint PITTSBURGH–(BUSINESS WIRE)– PPG (NYSE:PPG) today announced that it has completed its acquisition of Ennis-Flint. Ennis-Flint is a global leader in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems. The company has approximately 1,000 employees globally, with a network of manufacturing facilities within the United States, Europe, South America, Australia and Asia. Ennis-Flint\u2019s full year of 2020 revenue is expected to be approximately $600 million, with mid-teen percentage EBITDA margins. PPG will provide additional details relating to the business acquisition, including acquisition-related financial impacts, during the company\u2019s fourth quarter earnings conference call in January 2021. … <\/p>\n

Continue reading “PPG completes acquisition of global coatings manufacturer Ennis-Flint”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405493","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPPG completes acquisition of global coatings manufacturer Ennis-Flint - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ppg-completes-acquisition-of-global-coatings-manufacturer-ennis-flint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PPG completes acquisition of global coatings manufacturer Ennis-Flint - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PPG completes acquisition of global coatings manufacturer Ennis-Flint PITTSBURGH–(BUSINESS WIRE)– PPG (NYSE:PPG) today announced that it has completed its acquisition of Ennis-Flint. Ennis-Flint is a global leader in pavement markings and traffic safety solutions with a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems. The company has approximately 1,000 employees globally, with a network of manufacturing facilities within the United States, Europe, South America, Australia and Asia. Ennis-Flint\u2019s full year of 2020 revenue is expected to be approximately $600 million, with mid-teen percentage EBITDA margins. 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