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Company NewsIndustry News

AIP Introduces Newly Acquired Pittsburgh Paints Co.

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Image courtesy of AIP. 

December 3, 2024

American Industrial Partners (AIP) has completed its acquisition of PPG’s U.S. and Canadian architectural coatings business. Renamed The Pittsburgh Paints Company (Pittsburgh Paints Co.), the 125-year-old business will focus on delivering innovative paints and stains to professional and DIY markets across the U.S. and Canada.

The Pittsburgh Paints Co. is among the top three producers of interior and exterior paints, stains, caulks, repair products, adhesives, and sealants in North America. It will also serve as the exclusive distributor for PPG's Protective and Marine Coatings (PMC) business in the region, offering advanced products for challenging industries and environments.

"Now a newly independent company, we call on Pittsburgh Paints Co.'s 125-year legacy of innovation and product excellence as we chart an aggressive course of transformation and renewal within this extraordinary industry," said Rick Hoffman, partner at AIP. "Pittsburgh Paints Co.'s broad foundation, respected brand portfolio, and experienced team are primed for growth, and we are proud to be their partners."

Jaime Irick, chief executive officer of Pittsburgh Paints Co., added, "AIP is the ideal partner to support our growth objectives and build upon the exceptional customer service that is the foundation of our business. Our entire organization is excited about the opportunity ahead as we build a faster, more focused, and stronger company."

The Pittsburgh Paints Company, with roots dating back to 1897, remains committed to its mission of providing durable and visually appealing architectural products for professionals and homeowners alike.

KEYWORDS: coatings manufacturers mergers and acquisitions

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