The Sherwin-Williams Co., Cleveland, has signed a definitive agreement to acquire Consorcio Comex, S.A. de C.V., a leader in the coatings market in Mexico with headquarters in Mexico City.
Akzo Nobel N.V. (AkzoNobel) reported a six percent increase in third-quarter revenue compared with the same period last year, a result of favorable currency effects and pricing actions.
PPG Industries reported third-quarter 2012 net sales of $3.8 billion. Net income for the quarter was $339 million, or $2.18 per diluted share, including nonrecurring charges.
AkzoNobel has signed an agreement to supply advanced paint technology to McLaren Automotive, building on the existing corporate partnership with the Vodafone McLaren Mercedes (VMM) Formula 1 team.
PPG Industries’ aerospace coatings group has developed a “green” selectively strippable coatings system for Airbus Military A330 Multi-Role Tanker Transport jets ordered by the U.K. Royal Air Force under the Future Strategic Transport Aircraft (FSTA) program that combines application and performance benefits with reduced repainting time and associated costs.
AkzoNobel, Amsterdam, the Netherlands, is boosting capacity at one of its U.S. sites in order to meet increasing demand from the semiconductor industry, particularly for the production of light emitting diodes (LEDs).