Pittsburgh-based PPG recently announced it will be raising prices for customers worldwide on paints, coatings and specialty products by up to 20 percent. Additional price increases may occur in the future, the company said, depending on market conditions.
The company already has begun the markup on some product lines and services on a customer-by-customer basis as existing contracts allow. To fully offset current cost inflation, certain product categories, technologies and regions require higher price adjustments.
The increase is in response to a price increase for raw materials, energy, logistics and packaging across the coatings value chain as the consequence of volatility and supply constraints in the global petrochemical, energy and transportation markets.
“Our top priority remains supporting our customers with consistent quality, dependable supply and technical expertise, even as market conditions remain highly dynamic,” Tim Knavish, PPG chairman and CEO, said. “This pricing action allows us to ensure availability of supply as we navigate unexpected and increased cost pressures.”
The company is working with its supplier network to mitigate disruptions and maintain service levels.
PPG also recently announced it completed its purchase of Ozark Materials from South Carolina-based Ingevity Corp. for $65 million in cash.
Ozark Materials is a pavement marking solutions provider serving customers in the United States and Canada. Its customer relationships align closely with PPG’s Traffic Solutions business. The company employs approximately 130 people.
“This acquisition strengthens our business by enhancing our ability to serve customers throughout North America with high-quality pavement marking solutions,” Tom Maziarz, PPG traffic solutions vice president, said. “Ozark Materials has strong operational capabilities and a team with deep industry experience. We look forward to integrating the business into PPG.”
The purchase is part of PPG’s long-term strategy to expand its pavement marking business and increase its ability to provide public- and private-sector customers with a broad range of innovative solutions.
PPG markets and sells in more than 50 countries and in 2025 reported net sales of $15.9 billion. It serves customers in the construction, consumer products, industrial and transportation markets and aftermarkets.