PPG Industries (NYSE: PPG) has closed a deal for Glidden as part of a $1.05 billion transaction for the North American business of Akzo Nobel NV.
The company announced the acquisition in December.
The transaction includes all AkzoNobel North American architectural coatings manufacturing and distribution facilities, paint stores, product lines and employees related to production, sale and distribution. AkzoNobel owns the Glidden, Flood, Liquid Nails, Sico, Sulux, Devoe and Sikkens brands.
PPG, based in Pittsburgh, is a paint and chemical provider. Akzo Nobel is a coatings company headquartered in Amsterdam