PPG Industries Closes Acquisition Of Canal Supplies

(RTTNews) - PPG Industries (PPG), a maker of coatings, optical and specialty materials, and glass products, said Thursday it has completed the acquisition of substantially all of the assets of Canal Supplies Inc, a privately-owned, Panama-based distributor of protective and marine coatings to customers in Central America. Financial terms were not disclosed.

"The acquisition of CSI enhances our ability to supply customers throughout Central America and meet growing demand for our protective and marine products in this growth market," said Tim Knavish, PPG vice president, protective and marine coatings.