August 2, 1990
A chemical maker has agreed to clean up homes and businesses contaminated with chromium waste. PPG Industries Inc. of Pittsburgh also consented to pay a $2.5-million fine and $900,000 for administrative costs. "The state is satisfied with this agreement," said John Hagerty, a spokesman for the New Jersey Department of Environmental Protection. "Certainly it will go a long way toward revitalizing Jersey City."
January 21, 1994
PPG Industries Inc., a Pittsburgh glass and resin maker, said Thursday that its annual profit plummeted 21% as it took a $44.2-million charge because of a pending sale of its biomedical division to Irvine-based Enhanced Imaging Technologies Inc. PPG announced last month that it was selling its biomedical systems division to Enhanced Imaging for $55 million. That deal is expected to be completed by the second quarter.
September 9, 1999 |
More than 60 employees of PPG Industries Inc. in Torrance will lose their jobs when the company closes its automotive and industrial coatings plant in the South Bay city later this year, executives said this week. Employees at the 48-year-old facility were told of the decision in June. Executives with the Pittsburgh-based company announced the plant closure earlier this week to comply with state laws, said Fred Bose, plant operations coordinator. The exact date for the closing has not been set.
May 12, 1994 |
Enhanced Imaging Technologies Inc. on Wednesday said it has completed a $22-million takeover of a biomedical division of a Pittsburgh, Pa., conglomerate. The deal with PPG Industries Inc. is expected to boost Enhanced Imaging's annual revenue to $175 million, a threefold increase from its current sales of $50 million.
May 13, 1998 |
PPG Industries Inc., the Pittsburgh-based paints and glass group, confirmed it is in talks with British coatings and fibers company Courtaulds, which had accepted a $3.77-billion offer from Dutch chemical company Akzo Nobel three weeks ago. PPG has teamed with investment bank Donaldson, Lufkin & Jenrette in its approach, and said that if the talks lead to a deal, it will retain the coatings business and DLJ will acquire the remaining businesses.
December 28, 2007 |
Buyout firm Platinum Equity says it wants to renegotiate its planned $500-million purchase of PPG Industries Inc.'s automotive glass unit, alleging that the paint maker had misrepresented the health of the business.