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PPG Industries Inc to acquire pittsburgh based architectural paint distributor Masterwork

Tuesday, 10 Jun 2014 08:10am EDT 

PPG Industries Inc:Says that its North American architectural coatings business has reached a definitive agreement to acquire Masterwork.Says 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.Says the transaction is expected to close in the third quarter.Financial terms were not disclosed. 

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-3.54 -1.53%
23 Jan 2015