On Thursday, PPG hosted Investor Day in Helsinki, Finland, highlighting the company’s growth through recent acquisitions along with its latest environmental, social and governance (ESG) initiatives and goals.
“Acquisitions are a key to PPG’s long-term growth strategy and continue to create value for the company,” PPG Chief Operating Officer Tim Knavish said. “We are pleased with the integration pace of our five most recent acquisitions. Since we completed the acquisitions, we have identified further opportunities to drive our total synergy target to $150 million – a 15 percent increase from the original goal.”
During the event, PPG provided an update on its most recent acquisitions, including Tikkurila, a Nordic paints and coatings company it acquired in 2021.
Tikkurila strengthens PPG’s distribution channels; provides cross-selling opportunities across the Nordic region; expands PPG’s architectural coatings footprint in China, Europe, the Middle East, and Africa; drives margin expansion with its premium brands and leading technologies; and strengthens PPG’s architectural coatings portfolio.
PPG has set the goal of reducing greenhouse gas by 15 percent from a 2017 baseline before 2025. Last year, PPG achieved a 9.7 percent reduction. It will release its new 2030 goals later this year.
PPG operates in more than 75 countries. In 2021, net sales totaled $16.8 billion.