American Industrial Partners Completes Acquisition of PPG’s U.S. & Canadian Architectural Coatings

American Industrial Partners (AIP), completed its previously announced acquisition of the U.S. and Canadian architectural coatings business (the “Company”) of PPG (NYSE:PPG). The Company has been renamed The Pittsburgh Paints Company (“Pittsburgh Paints Co.”), honoring its mission and deep heritage delivering architectural paint and stain product excellence and innovation to commercial and residential customers across the United States and Canada. The name, The Pittsburgh Paints Company, carries a rich history dating back to 1897, when the original company began marketing paints designed to be both durable and visually appealing.

Pittsburgh Paints Co. is among the industry’s top three producers of interior and exterior paints, stains, caulks, repair products, adhesives, and sealants for professionals and do-it-yourselfers across the United States and Canada. The company will also serve as the exclusive distributor for PPG’s Protective and Marine Coatings business in the region, which provides cutting-edge products and services that protect assets in some of the world’s most 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.”

“AIP is the ideal partner to support our growth objectives and to build upon the exceptional customer service that is the foundation of our business,” said Jaime Irick, Chief Executive Officer of Pittsburgh Paints Co. “Our entire organization is excited about the opportunity ahead as we build a faster, more focused, and stronger company.”