Company Website:
http://www.ppg.com
PITTSBURGH -- (Business Wire)
PPG Industries (NYSE:PPG) announced today that it has completed its
previously announced acquisition of Cuming Microwave Corporation based
in Avon, Massachusetts, and its wholly-owned subsidiary Cuming-Lehman
Chambers, Inc., based in Chambersburg, Pennsylvania. Financial terms
were not disclosed.
The acquisition enhances PPG’s portfolio of aerospace coatings with
specialty coatings and materials that absorb microwaves and radio waves
such as radar. The products are used for military aircraft and also have
applications in electronics, telecommunications, medical and automotive
end-uses.
PPG Aerospace is the aerospace products and services business of PPG
Industries. PPG Aerospace – Transparencies is the world’s largest
supplier of aircraft windshields, windows and canopies. PPG Aerospace –
PRC-DeSoto is the leading global producer and distributor of aerospace
coatings, sealants, and packaging and application systems. For more
information, visit www.ppgaerospace.com.
PPG: BRINGING INNOVATION TO THE SURFACE.™
PPG Industries' vision is to be the world’s leading coatings company by
consistently delivering high-quality, innovative and sustainable
solutions that customers trust to protect and beautify their products
and surroundings. Through leadership in innovation, sustainability and
color, PPG provides added value to customers in construction, consumer
products, industrial and transportation markets and aftermarkets to
enhance more surfaces in more ways than does any other company. Founded
in 1883, PPG has global headquarters in Pittsburgh and operates in more
than 70 countries around the world. Reported net sales in 2014 were
$15.4 billion. PPG shares are traded on the New York Stock Exchange
(symbol:PPG). For more information, visit www.ppg.com
and follow @PPGIndustries
on Twitter.
Forward-Looking Statements
Statements in this news release relating to matters that are not
historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 reflecting the
company’s current view with respect to future events or objectives and
financial or operational performance or results. The forward-looking
statements contained herein include statements relating to the expected
benefits of the Cuming Microwave acquisition. Actual events may differ
materially from current expectations and are subject to a number of
risks and uncertainties, including the failure to achieve the expected
benefits of the acquisition and the other risks and uncertainties
discussed in PPG Industries’ 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. Forward-looking statements speak only as of the
date of their initial issuance, and PPG Industries does not undertake
any obligation to update or revise publicly any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Bringing innovation to the surface is a trademark of PPG
Industries Ohio, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150701005796/en/
Contacts:
PPG Industries, Inc.
Media:
Mark Silvey, PPG Corporate
Communications, 412-434-3046
silvey@ppg.com
or
Investors:
Scott
Minder, PPG Investor Relations, 412-434-3466
sminder@ppg.com
or
www.ppg.com
Source: PPG Industries, Inc.
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