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News (67)


New Deals to Absorb 3 Coating Firms

A fresh round of coatings acquisitions is in the works, including Hempel's purchase of a North American supplier for the protective and waterproofing markets.


Sherwin-Williams Rings Up a Record

Protective and marine coatings helped, but its 4,003 paint stores delivered the biggest goods to give Sherwin-Williams "another year of record performance" in 2014.


Coating Makers See Cuban Opening

U.S. coating and building materials makers may now ship goods to Cuba for some renovation projects, under newly approved federal regulations.


Towers Top Out at Record Rates

It's a tall world after all—taller than ever, in fact, with record numbers of vertiginous structures topping out in 2014 and many more ahead.


U.S. Coatings Set for Strong Year

It's early yet, but 2015 is looking like a growth year for the U.S. paint and coatings market, if preliminary results from a new market forecast hold.


Contractor Lends Blight-Busting Hand

Few people resolve to demolish more in the New Year, but for contractor Jim Kissick, it's a resolution that he can keep, while helping out his community.


PPG Announces 'Successful' 2014

PPG Industries has continued its financial hot streak, posting record full-year sales and yearly and quarterly gains in each segment.


Managing 4M Square Feet—Under 1 Roof

Saddled with a gargantuan facility and an earful of criticism over how it has been run, federal landlords are seeking fresh ideas for their biggest operational challenge.


PPG Wraps Up Comex Purchase

PPG Industries' speedy acquisition of Mexico's largest paint and coatings maker is a done deal.


Cuts Wring Profits from Akzo's Q3

Sales growth in both protective and marine coatings helped boost AkzoNobel's third-quarter performance, with the company showing an increase in profits despite declining revenues across all ...


Review of PPG-Comex Deal Extended

PPG Industries will wait a bit longer for Mexico's decision on the company's $2.3 billion bid to take over that country's largest paint and coatings maker.


MIT: Diversity Pays, Even if Unpopular

Like it or not—and some workers do not—a workplace with gender equality will benefit the organization most in the long run, a new MIT study concludes.


U.S.-Ordered Sale to Profit Graco

A shotgun divorce ordered by the U.S. Federal Trade Commission will end lucratively for Graco Inc., as the spray-equipment giant prepares to sell of its Liquid Finishing business at a nine-f...


Axalta Considering Public Offering

Axalta Coating Systems Ltd. (formerly DuPont Performance Coatings) has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial publ...


Sales Soar at Sherwin-Williams

Nearly all of the Sherwin-Williams Company’s segments saw sales gains in both the second quarter and first half of 2014, propelling the company to record sales.


Pipeline Corrosion Firm Sold for $116M

Global HSE concern Halma plc has acquired California-based Rohrback Cosasco Systems (RCS), the leading U.S. corrosion monitoring firm, the companies have announced.


Sherwin-Williams Expands in Middle East

Sherwin-Williams has opened a new paint manufacturing facility in Saudi Arabia as part of a joint venture with housing manufacturer Red Sea Housing Services Company.


Sherwin-Williams Sued over Failed Deal

Mexico’s largest coatings producer has filed suit against Sherwin-Williams, blaming the Cleveland paint maker for the implosion of its plan to buy the Latin American supplier, Reuters report...


Ups and Downs at Sherwin-Williams

Mother Nature’s wrath and currency issues bedeviled Sherwin-Williams in the first quarter of 2014, dampening profits despite record sales.


Retailers, PPG Sign Private-Label Deal

An alliance of independent North American paint dealers has agreed to make PPG Industries Inc. the exclusive manufacturer of the group's premium paint brand.


Paint Firm Funds Exorcism Ritual

An ancient Cambodian dance believed to ward off evil spirits is getting a budget boost from a paint company, just in time to save the country's fading New Year tradition.


Sherwin-Williams Drops Comex Quest

Twice denied a regulatory blessing, the largest paint retailers in the U.S. and Mexico have finally broken off their $2.34 billion engagement.


Study: Workers Ready to Leave Jobs

Construction, engineering and building employers should step up their game if they want to head off a mass exodus of workers this year, a new survey suggests.


400 Drywallers to Regain Back Pay

A Washington State contractor will spend $550,000 to make good on wages allegedly shorted from hundreds of workers over several years.


New Building Show Opens Registration

Online registration has opened for D+D 2014, the first Durability + Design Conference and Exhibition, dedicated to building performance and aesthetics.


Building Jobs, Spending Keep Growing

U.S. construction unemployment hit a six-year low in September, on the heels of a four-year high in project spending the month before, the federal government reported.


Alleged Fraud Scheme Nets 42 Felonies

A former California contractor was charged with 42 felony counts after allegedly scamming his employees out of wages and raking in over $81,000, prosecutors announced.


AkzoNobel, PPG Growing Outside U.S.

PPG Industries and AkzoNobel will invest more than $125 million in new coating manufacturing facilities in Russia and China to expand production in those regions, the companies have announce...


Huntsman Makes Major Play for TiO2

Setting its sights on becoming the No. 2 global producer of titanium dioxide pigments, Huntsman Corp. has announced a $1.1 billion cash acquisition of certain business units of Rockwood Hold...


Altana Buys Henkel Coatings Unit

Global specialty chemicals group ALTANA is pushing deeper into the North American coatings market with the acquisition of Henkel's $15 million specialty coatings business.


Akzo to Shed Building Unit for $348M

AkzoNobel’s global corporate diet continues, as the company has announced the sell-off of its Building Adhesives business to Swiss construction products giant Sika AG.


PPG Appoints New CFO, VPs

Several executive changes were announced this week at PPG Industries Inc., including a CFO and several vice president appointments.


AkzoNobel Logs Dismal Quarter

With revenues and volumes decreasing across all segments, AkzoNobel’s second quarter report echoed trends from the coating manufacturer’s dim first quarter and renewed a call for restructuri...


Dow Coating Patents Spur Akzo Lawsuit

Coatings giant AkzoNobel has filed suit against Dow Chemical Co., accusing the raw materials maker of misusing confidential information gained from a partnership to apply unilaterally for tw...


Bid-Rigging Scandal Engulfs 15 Firms

Years of contract collusion involving six World Cup stadiums and hundreds of other public and private projects have 15 South African construction firms facing $140 million in potential fines...


Court Battle Pits Elcometer, TQC-USA

Global coatings instrument maker Elcometer Inc. is locked in federal-court litigation with a former employee and distributor over allegations of unlawful marketing tactics designed to steal ...


Bridge Bill Leverages Foreign Capital

U.S. Sen. Rand Paul has proposed a bill to fix deteriorating roads and bridges using taxes and dividends from overseas corporations with shareholders in the U.S.


ACA Fights Customer Disclosure Plan

What's more important: the privacy of a customer list or the possible need to reach those customers about product dangers?


EPA Rips State Dept.’s Pipeline Review

The U.S. Environmental Protection Agency is again lambasting the State Department’s review of the proposed Keystone XL pipeline, calling the assessment inadequate and insufficiently attentiv...


AkzoNobel: Grim Q1 with No Quick Fix

AkzoNobel reported first-quarter declines across the board Thursday (April 18) and warned candidly that the troubled company’s fortunes were unlikely to turn around any time soon.


Sherwin-Williams Rings Up Record Q1

Protective and marine coatings held their own, but Sherwin-Williams' paint stores did the heavy lifting in the first quarter, delivering record sales and earnings for the Cleveland-based pai...


Castolin Acquires Monitor Coatings

Veteran European protective coatings maker Castolin Eutectic has acquired the Monitor Coatings Group, a UK-based provider of coatings for surface engineering in harsh environments.


PPG Fills AkzoNobel’s N. American Shoes

PPG Industries Inc. has taken the second-biggest step in its 130-year history with the $1.05 billion acquisition of AkzoNobel’s North American decorative paints business.


Driller Pleads Guilty in Gulf Disaster

The world's largest offshore drilling company will pay $400 million in fines and penalties stemming from crimes in the 2010 Deepwater Horizon disaster that killed 11 workers, under an agreem...


Shakeups Continue at AkzoNobel

For the third time in 10 months, AkzoNobel has announced a major change at the top, this time appointing a new overseer for its struggling global Decorative Paints business.


Sherwin-Williams Joins China’s Car Boom

Sherwin-Williams has waded deeper into China’s vast automotive market with the acquisition of Changzhou (Jiangsu) Pulanna Coating Co. Ltd., a leading maker of automotive coatings for the Chi...


OSHA Criminal Referrals Seen to Rise

U.S. employers whose workers suffer a fatal accident on the job may soon be looking at a new consequence: prison time.


AkzoNobel Expands Mideast Operations

AkzoNobel will enlarge its footprint in the sands of the Middle East by expanding its joint venture agreement with one of the Gulf region's largest family-owned companies.


PPG Names Thiele as Treasurer

PPG Industries Inc. has named Eric K. Thiele treasurer and company officer, succeeding Vice President and Treasurer Aziz Giga, who is retiring.


New AkzoNobel CEO Sidelined by Fatigue

Less than five months into his new position at the helm of the world’s largest paint and coatings company, AkzoNobel’s CEO has taken a medical leave of absence, citing fatigue.


Construction Exec Admits $500+K Theft

The former president of a Pennsylvania construction company is facing years in prison after pleading guilty to stealing $516,000 from the firm to support his high-flying lifestyle.


Tax Breaks to Expire; Tips Offered

Without action from Washington, painters and other specialty trade contractors “could see a significant tax increase next year, as about 50 tax provisions expire at the end of this year,” th...


Bayer MS Names Key Coating Sales Chief

Bayer MaterialScience LLC has appointed Marc Daniel Block as director of regional key account sales for its Coatings, Adhesives, Specialties (CAS) business unit.


Floods Hamper PPG Production, Earnings

Catastrophic flooding in Thailand has temporarily shut down production of some PPG Industries products and will reduce the company’s fourth-quarter earnings, officials say.


Contractors Prevail on Tax Repeal

Government contractors have one more thing to be thankful for this week: squashing a much-hated tax law before it could get out of the gate.


Hempel Taps Oil & Gas Marketing Chief

The Hempel Group, a global provider of protective coatings, has announced the addition of Kunal Nadkarni as Group Oil and Gas Segment Manager to the company’s marketing team.


Controversial Lubrizol Deal Closes

Despite insider trading by a senior corporate officer involved in the deal, Berkshire Hathaway has completed its $9.7 billion acquisition of specialty chemical maker Lubrizol, the world’s la...


PPG Names EHS VP, Asia-Pacific Coatings Chief

PPG Industries has announced the appointment of Diane Kappas as vice president, environment, health and safety (EHS), effective Oct. 1. Kappas will succeed John Richter, who has been named v...


PPG to Supply New Caterpillar Plant

Caterpillar Inc. has selected PPG Industries’ industrial coatings business as the sole heavy-duty equipment coatings supplier for a new motor grader assembly plant in North Little Rock, Ark.


Employee Rights Rule Starts Nov. 14

Most private-sector employers must soon display a poster notifying employees of their rights to organize, under a new rule that takes effect Nov. 14.


AkzoNobel to Split ICI Pakistan

AkzoNobel has announced plans to split off its paints business from ICI Pakistan and sell off the chemicals piece of the company.


KTA-Tator Inc. Sold to Employees

After 61 years as a family company, global coatings consultant KTA-Tator Inc. (KTA) has been sold to employees.


Bridge Owner Defiant After Jail Release

Defiant after his six-hour jail stay for contempt of court, the president of Detroit International Bridge Co. said the company remained determined to expand the DIBC-owned Ambassador Bridge ...


New Law Steps Up Tax Breaks, Contractor Rules

New tax benefits, changes in capital lending, and a tighter rein on slow-paying contractors are all part of the Small Business Jobs and Credit Act of 2010 that President Obama is expected to...


Economic Pulse: RPM CFO Says Company Enjoys Strong Position as Economy Rebounds

RPM International Inc. Chief Financial Officer P. Kelly Tompkins, addressing an economic conference last week, said the company figures to be well positioned to capitalize on key market dyna...


SBA Sets New Terms for 504 Loans

The Small Business Administration has announced new refinance regulations for the SBA 504 loan guarantee program, as required by the 2009 American Recovery & Reinvestment Act (ARRA) signed i...


IRS Highlights New Tax Breaks for Small Businesses

The Internal Revenue Service is urging small businesses to act now and take advantage of a variety of business tax deductions and credits created, extended or expanded in the recovery law. S...


 
 
   

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