European Coatings Journal - 15.11.2018 | TOP INDUS TRY MOVE

EVERY LITTLE HELPS

In the last couple of years both companies showed a neck to neck race for the top spot as the largest paint and coatings producer worldwide. After Sherwin-Williams swung to the top by acquiring rival Valspar, PPG and Akzo Nobel are now second and third in this ranking. With revenues of EUR 12.9 billion, PPG is trailing Sherwin-Williams (EUR 13.2 billion) closely. By divesting its speciality chemicals business and becoming a focused paint and coatings company, Akzo Nobel divested nearly a third of its annual sales and records now sales in the single digit billion range (EUR 9.6 billion). ...
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