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News (38)


AkzoNobel Cuts Paper Chemicals

AMSTERDAM—AkzoNobel has finalized a €153 million ($170.4 million USD) divestment of its paper chemicals business to Kemira Oyj, the Netherlands-based company announced Monday (May 4).


Sherwin Q1 Gets No Love from Global

CLEVELAND, OH—Sales declines in the Global Finishes Group did not stop Sherwin-Williams from posting a record first quarter, the company announced Thursday (April 16).


Industrial Boom Helps Ease RPM Bust

Strong sales were swamped by currency challenges and an $83.5 million asbestos charge to hand RPM International Inc. a loss for the third quarter.


PPG Takes Over Auto, Wood Companies

PPG Industries has stretched its wings from Australia to France and from additives to wood stains, closing two acquisitions on two continents in two days.


Access Companies Strike $251M Deal

A multinational deal now underway will create an industrial access, insulation and corrosion-protection giant with the reach of 17,000 employees across Europe and the Middle East.


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.


Hardide to Build U.S. Coatings Plant

A UK-based manufacturer of an advanced surface coating technology plans to invest $7 million in a new plant in Virginia.


Paint Mogul Named Singapore's Richest

The coatings industry has been good to Goh Cheng Liang. So good, in fact, that he is now the richest man in Singapore.


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.


Expansion Approved for NC Paint Maker

Traffic paint manufacturer Ennis-Flint will get $500,000 to expand its Thomasville, NC, operations by reusing vacant buildings, the North Carolina Rural Infrastructure Authority announced.


Series of Deals Fattens Graco’s Reach

Spray-equipment manufacturer Graco Inc. is bulking up and branching out, spending $185 million in cash for four companies that will expand its geographical and industry footprint.


Hempel Expands with New Acquisition

Taking a "step towards achieving its growth ambition," Hempel has acquired a Dutch maker of industrial, protective and decorative coatings.


PA Taps Chinese to Fund I-95 Project

Leveraging an immigration program that rewards wealthy foreign investors with U.S. visas, Pennsylvania is reaching into pockets overseas to fund much of a $420 million project to link I-95 w...


AkzoNobel Probes Chicago Fraud

AkzoNobel says it has been the victim of up to $66.5 million in "external fraud" at its Chicago office.


UK Construction Giant Strikes a Deal

Balfour Beatty has announced the sale of consulting arm Parsons Brinckerhoff to Montreal-based WSP Global Inc. for £820 million ($1.35 billion USD).


UK Construction Giant Nixes Merger

Balfour Beatty has shut down merger talks with Carillion only one week after announcing the possible £3 billion ($5 billion USD) deal, citing disagreement over the terms.


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.


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.


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.


1 Contract: 5 Years, 500 New Bridges

Pennsylvania officials are inviting four teams to submit proposals for one contract to replace more than 500 bridges in less than five years.


Valspar Sales Growth Paints Q1 Green

A 10 percent boost in its Coatings segment has the Valspar Corp. off to “a good start” in 2014, the company reported Wednesday (Feb. 12).


AIA Pitches Congress on Safety, Funding

Stronger bridges, safer structures, tighter buildings—and a funding mechanism to pay for them all—lead America's architectural agenda for 2014.


Construction Fraud Tab: $860B

Money laundering, bid rigging, bribery and other types of fraud are now bleeding the global construction industry of about $860 billion a year—a tab that could nearly double by 2025, a new r...


Industrial Growth Helps RPM Rebound

Withstanding the hit from a recent $65 million legal settlement over roofing problems, Carboline parent RPM International Inc. has racked up a record first quarter for 2014.


Coatings, Markets Dim Valspar’s Outlook

Sluggishness in industrial coatings and international markets led the Valspar Corp. to reduce its annual earnings guidance Tuesday (Aug. 13) in the wake of a disappointing third quarter.


DuPont Ponders Sale of Chemicals Unit

DuPont may shed its Performance Chemicals segment, which produces paint pigments, after a less-than-stellar performance in the second quarter, the major chemical manufacturer announced on Tu...


Revenue Drops in RPM’s Q4

Slight sales increases for RPM International were overshadowed by a 21 percent drop in income for the fourth quarter, the parent company of Carboline and Rust-Oleum reported on Monday (July ...


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...


Sherwin-Williams Sees Q2 Profit Gain

The Sherwin-Williams Company reported a 13 percent profit increase for the second quarter, but also announced a snag in its planned $2.34 billion acquisition of Comex Group.


PPG’s Q2 Records Sales, Income Gains

In a record second quarter, PPG Industries announced double-digit percentage sales gains for both industrial and performance coatings segments, boosting the paint and coatings company from a...


PPG Opens 2013 on a Flat Note

Cooling off after a record earnings year, PPG Industries’ sales remained static for the first quarter of 2013, with weak European markets taking the brunt of the blame.


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...


Spencer Coatings Flexes New Dominance

Spencer Coatings Ltd. has become the largest independent and British-owned industrial coatings manufacturer in the UK with its recent acquisition of Stokes Paints, the company says.


PPG Rounds Out Record Year

Rounding out a year of record financials, PPG Industries Inc. reported Monday that each quarter of 2012 saw new earnings records, with higher full-year earnings in each major region.


Carboline Parent Notches Strong Q2

Protective coatings giant RPM International Inc. reported strong sales and earnings in its second quarter, but remained weighed down by continuing charges that dampened its first quarter.


 
 
   

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