PPG to Acquire Pittsburgh-Based Architectural Paint Distributor

PITTSBURGH – PPG Industries’ North American architectural coatings business has reached a definitive agreement to acquire Masterwork, an independent architectural paint distributor headquartered in Pittsburgh. The acquisition of Masterwork, which operates a 13-store network throughout western Pennsylvania, Ohio and New York, will expand PPG’s company-owned stores footprint in the region. The transaction is expected to close in the third quarter, subject to customary closing conditions.