PPG Completes Acquisition of Specialty Coatings Supplier the Homax      Group from Olympus Partners
Expands architectural coatings product portfolio
July 02, 2014 08:11 AM Eastern Daylight Time
PITTSBURGH--( BUSINESS WIRE )--PPG Industries (NYSE:PPG) today announced that its North American      architectural coatings business has completed its acquisition of The      Homax Group, Inc., a supplier of decorative wall and ceiling texture      repair products, from Olympus Partners. Financial terms were not      disclosed. Homax is the industry’s leading supplier of decorative aerosol drywall      and ceiling texturing applications utilized primarily for home repair. In addition, it supplies various epoxy finishes, patching, caulking and      mesh tape repair products, and other painting tools and accessories. The      company’s products are sold through major home improvement centers,      hardware stores and paint suppliers. PPG Architectural Coatings is an industry leader in residential and      commercial coatings and products. The business produces paints, stains      and specialty coatings and products marketed under well-recognized lines      such as FLOOD(R), GLIDDEN(R), LIQUID NAILS(R), MANOR HALL(R),      OLYMPIC(R), PPG PITTSBURGH PAINTS(R), PPG PORTER PAINTS(R), PPG Paints      and SIKKENS(R) brands. Its distribution network includes more than 900      company-owned stores, more than 5,000 independent dealer locations and      all major home improvement centers. About Olympus Partners
Founded in 1988, Olympus Partners is a private equity firm focused on      providing equity capital for middle market management buyouts and for      companies needing capital for expansion. Olympus is an active, long-term      investor across a broad range of industries, including consumer      products, business services, restaurants, healthcare, and financial      services. Olympus manages in excess of $5 billion on behalf of corporate      pension funds, endowment funds and state-sponsored retirement programs. Sawaya Segalas & Co., LLC, a leading consumer investment banking firm,      acted as exclusive financial adviser to The Homax Group, Inc. in      connection with the transaction with PPG Industries. PPG: BRINGING INNOVATION TO THE SURFACE. (TM)
PPG Industries' vision is to continue to be the world’s leading coatings      and specialty materials company. Through leadership in innovation,      sustainability and color, PPG helps customers in industrial,      transportation, consumer products, and construction markets and      aftermarkets to enhance more surfaces in more ways than does any other      company. Founded in 1883, PPG has global headquarters in Pittsburgh and      operates in nearly 70 countries around the world. Reported net sales in      2013 were $15.1 billion. PPG shares are traded on the New York Stock      Exchange (symbol:PPG). For more information, visit www.ppg.com and follow @PPGIndustries on Twitter. Forward-Looking Statements
Statements in this news release relating to matters that are not      historical facts are forward-looking statements within the meaning of      the Private Securities Litigation Reform Act of 1995 reflecting the      company’s current view with respect to future events or objectives and      financial or operational performance or results. The forward-looking      statements contained herein include statements relating to the expected      benefits of the Homax acquisition. Actual events may differ materially      from current expectations and are subject to a number of risks and      uncertainties, including the failure to achieve the expected benefits of      the acquisition and the other risks and uncertainties discussed in PPG      Industries’ periodic reports on Form 10-K and Form 10-Q, and its current      reports on Form 8-K filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of their initial      issuance, and PPG Industries does not undertake any obligation to update      or revise publicly any forward-looking statement, whether as a result of      new information, future events or otherwise. Bringing innovation to the surface is a trademark of PPG      Industries Ohio, Inc. FLOOD, GLIDDEN, LIQUID NAILS, MANOR HALL,      OLYMPIC, PPG PITTSBURGH PAINTS and PPG PORTER PAINTS are      registered trademarks of the PPG group of companies. SIKKENS is      a registered trademark of AkzoNobel. Contacts


PPG Completes Acquisition of Specialty Coatings Supplier the Homax Group from Olympus Partners

Tickers: CMP , PDH , PPG
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Coatings giant PPG Industries' (NYSE: PPG ) North American architectural coatings business has agreed to buy decorative wall and ceiling texture repair products supplier – The Homax Group – for an undisclosed price. The transaction, which is subject to customary closing conditions, is expected to consummate in third-quarter 2014. Homax, a portfolio company of private equity firm Olympus Partner, is a leading supplier of decorative aerosol drywall and ceiling texturing applications used mainly for home repair. It also supplies a number of epoxy finishes, patching, caulking and mesh tape repair products. The entity distributes its products through major home improvement centers, hardware stores and paint suppliers. The addition of Homax's offerings will strengthen PPG Industries' architectural coatings product portfolio. The acquisition complements the company's commitment in offering its customers with leading coatings and related home remodeling and repair products. PPG Industries is taking steps to grow its business inorganically by making a number of acquisitions. The acquisition of Akzo Nobel's (AKZOY) North American architectural coatings business has reinforced its branded paint product offerings and scale in the North American architectural paint market. Moreover, in an effort to strengthen its position in the aerospace industry, PPG Industries acquired specific assets of privately-held specialty coatings company Deft Incorporated last year. The recent acquisition of Hi-Temp Coatings Technology also strengthened PPG Industries' protective and marine coatings business. PPG Industries has a diversified base of products and markets, and looks to grow its businesses strategically along with controlling costs. It should gain from continued strength across North American automotive and aerospace markets. However, the company remains exposed to a still soft European market, raw material cost pressure and currency headwind. . PPG Industries is a Zacks Rank #3 (Hold) stock. Other companies in the chemical space worth considering include Compass Minerals International Inc. (NYSE: CMP ) and PetroLogistics LP (NYSE: PDH ). While Compass Minerals retains a Zacks Rank #1 (Strong Buy), PetroLogistics sports a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
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PPG Industries to Buy Homax Group - Analyst Blog

Expands architectural coatings product portfolio
June 05, 2014 08:30 AM Eastern Daylight Time
PITTSBURGH--( BUSINESS WIRE )--PPG Industries (NYSE:PPG) today announced that its North American      architectural coatings business has reached a definitive agreement to      acquire The Homax Group, Inc., a supplier of decorative wall and ceiling      texture repair products. Homax is a portfolio company of Olympus      Partners. The transaction is expected to close in the third quarter,      subject to customary closing conditions. Financial terms were not      disclosed. Homax is the industry’s leading supplier of decorative aerosol drywall      and ceiling texturing applications utilized primarily for home repair. In addition, it supplies various epoxy finishes, patching, caulking and      mesh tape repair products, and other painting tools and accessories. The      company’s products are sold through major home improvement centers,      hardware stores and paint suppliers. “Homax products represent a new and unique offering for our customers,”      said Scott Sinetar, PPG vice president, architectural coatings, North      America. “The acquisition supports our continuing commitment to      providing professional and do-it-yourself customers with leading      coatings and related home remodeling and repair products.”
PPG Architectural Coatings is an industry leader in residential and      commercial coatings and products. The business produces paints, stains      and specialty coatings and products marketed under well-recognized lines      such as FLOOD®, GLIDDEN®, LIQUID NAILS®, MANOR HALL®, OLYMPIC®, PPG      PITTSBURGH PAINTS®, PPG PORTER PAINTS®, PPG Paints and SIKKENS® brands. Its distribution network includes more than 900 company-owned stores,      more than 5,000 independent dealer locations and all major home      improvement centers. PPG: BRINGING INNOVATION TO THE SURFACE. (TM)
PPG Industries' vision is to continue to be the world’s leading coatings      and specialty materials company. Through leadership in innovation,      sustainability and color, PPG helps customers in industrial,      transportation, consumer products, and construction markets and      aftermarkets to enhance more surfaces in more ways than does any other      company. Founded in 1883, PPG has global headquarters in Pittsburgh and      operates in nearly 70 countries around the world. Net sales in 2013 were      $15.1 billion. PPG shares are traded on the New York Stock Exchange      (symbol: PPG). For more information, visit www.ppg.com and follow @PPGIndustries on Twitter. About Olympus Partners
Founded in 1988, Olympus Partners is a private equity firm focused on      providing equity capital for middle market management buyouts and for      companies needing capital for expansion. Olympus is an active, long-term      investor across a broad range of industries, including consumer      products, business services, restaurants, healthcare, and financial      services. Olympus manages in excess of $5 billion on behalf of corporate      pension funds, endowment funds and state-sponsored retirement programs. Sawaya Segalas & Co., LLC, a leading consumer investment banking firm,      acted as exclusive financial adviser to The Homax Group, Inc. in      connection with the transaction with PPG Industries. Forward-Looking Statements
Statements in this news release relating to matters that are not      historical facts are forward-looking statements within the meaning of      the Private Securities Litigation Reform Act of 1995 reflecting the      company’s current view with respect to future events or objectives and      financial or operational performance or results. The forward-looking      statements contained herein include statements relating to the timing of      and expected benefits of the Homax acquisition. Actual events may differ      materially from current expectations and are subject to a number of      risks and uncertainties, including the failure to close the acquisition,      to achieve the expected benefits of the acquisition and the other risks      and uncertainties discussed in PPG Industries’ periodic reports on Form      10-K and Form 10-Q, and its current reports on Form 8-K filed with the      Securities and Exchange Commission. Forward-looking statements speak      only as of the date of their initial issuance, and PPG Industries does      not undertake any obligation to update or revise publicly any      forward-looking statement, whether as a result of new information,      future events or otherwise. Bringing innovation to the surface is a trademark of PPG      Industries Ohio, Inc. FLOOD, GLIDDEN, LIQUID NAILS, MANOR HALL,      OLYMPIC, PPG PITTSBURGH PAINTS, and PPG PORTER PAINTS are      registered trademarks of the PPG group of companies. SIKKENS is      a registered trademark of AkzoNobel. Contacts


PPG to Acquire Specialty Coatings Supplier the Homax Group

Paul Hastings

Acquired

Homax is the industry's leading supplier of decorative aerosol drywall and ceiling texturing applications utilized primarily for home repair. In addition, it supplies various epoxy finishes, patching, caulking and mesh tape repair products, and other painting tools and accessories. The company's products are sold through major home improvement centers, hardware stores and paint suppliers.

Name	Ross Clawson
Work History	Paul Hastings
Title	President, Chief Financial Officer
Status	Former

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