PPG Acquires Paint Stores Network in Central America

PPG Industries

today announced that it has acquired Consorcio Latinoamericano, which operates a network of 57 paint stores in Central America. Financial terms were not disclosed. "This acquisition expands PPG's operations in the growing Central American region," said Michael McGarry, PPG president and chief operating officer. "The purchase enables PPG to leverage an extended stores network to grow the GLIDDEN® brand in Panama and offer additional PPG products to customers throughout the region." With this acquisition, PPG will operate 87 company-owned stores across Belize, El Salvador, Guatemala, Honduras, Costa Rica, Nicaragua and Panama. PPG plans to brand stores in Panama with the Glidden brand, which is well