Marine Link
Friday, March 29, 2024
SUBSCRIBE

Charles E Bunch News

01 Jul 2014

PPG to acquire Consorcio Comex

PPG Industries, a world leader in protective and marine coatings, announced that it has reached a definitive agreement to acquire Consorcio Comex, S.A. de C.V. (Comex), an architectural and industrial coatings company with headquarters in Mexico City, Mexico. The transaction is valued at $2.3 billion and is subject to regulatory approvals and customary closing conditions. Comex manufactures coatings and related products in Mexico and sells them in Mexico and Central America through approximately 3,600 stores that are independently owned and operated by more than 700 concessionaires. Comex also sells its products through regional retailers, wholesalers and direct sales to customers.

21 Apr 2014

PPG Reports Record Q1 2014 Results

PPG Industries (NYSE:PPG) reported record first quarter 2014 net sales from continuing operations of $3.6 billion, up $528 million, or 17 percent, versus the prior year. First quarter 2014 reported net income from continuing operations was $277 million, or $1.97 per diluted share. operations was $279 million, or $1.98 per diluted share, which excludes $2 million, or 1 cent per diluted share,for acquisition-related costs. First quarter 2013 reported net income and earnings per diluted share from continuing operations were $191 million and $1.29 respectively, and adjusted net income from continuing operations was $207 million, or $1.39 per diluted share, respectively.

19 Jul 2013

PPG Announces Executive Appointments

Sklarsky and Navikas

PPG Industries (NYSE: PPG) has announced several executive appointments that are effective Aug. Frank S. Sklarsky, executive vice president, finance, will be appointed executive vice president and chief financial officer, as previously announced, and will continue to serve on PPG’s executive and operating committees. Sklarsky continues to report to Chairman and CEO Charles E. Bunch and to be based at PPG’s global headquarters in Pittsburgh. David B. Navikas, senior vice president…

28 Mar 2013

PPG Appoints Sklarsky

PPG Industries  said Frank S. Sklarsky will join the company as executive vice president for  finance, effective April 15, reporting to Chairman and CEO Charles E. Bunch. Also, effective August 1, Sklarsky will be named PPG executive vice president and chief financial officer. David B. Navikas, currently PPG senior vice president, finance and chief financial officer, will continue in his current role until August 1, and will then continue as senior vice president in a senior leadership role that will be announced later. Most recently, Sklarsky was executive vice president and chief financial officer, Tyco International, Ltd., a global provider of security, fire protection and flow control solutions with revenues that exceeded $17 billion.