The company also announced a cost reduction program that includes cutting 1,800 jobs.
Latest In PPG
Prior to joining PPG as a vice president, Tackett held various executive positions at DuPont and Valspar.
PPG announces Kappas will be its vice president of global sustainability while Carroll will become vice president for automotive OEM coatings.
Pittsburgh-based PPG has completed the acquisition of Wörwag, which employs 1,100 people worldwide.
PPG completes addition of VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure and industrial applications
However, the manufacturer closed the year on a positive note with fourth-quarter sales up 2.3%.
PPG’s new business unit, Traffic Solutions, will manufacture and supply a broad, global portfolio of pavement-marking products.
PPG’s addition of German manufacturer Wörwag will add about €220 million (US$267.6 million) to the company's top line.
PPG acquires VersaFlex from the private equity firm DalFort Capital Partners.
The $1.2 billion deal, announced in November, gives PPG expertise in pavement marking products, including paint, thermoplastics and other advanced traffic technologies.
Paints, coatings and specialty materials supplier PPG on Friday announced that it has agreed to acquire Tikkurila, a Vantaa, Finland-based manufacturer and distributor of paints and coatings, for €$1.1 billion (US$1.3 billion).
