Continuing its trajectory of recent expansion, PPG Industries announced that its North American architectural coatings business has acquired Pittsburgh-based Masterwork Paint Company.
Masterwork is an independent architectural paint distributor with 13 stores throughout Western Pennsylvania, Ohio and New York.
PPG also recently made headlines after it agreed to acquire Mexico City-based Consorcio Comex, which Sherwin-Williams had been trying to acquire for months but ultimately gave up after significant regulatory delays.
It also made a bid on Homax Group about a month ago, a supplier of decorative wall and ceiling texture repair products.
The specific financial terms of the transaction were not disclosed.