PPG Industries (PPG) said Monday that it has entered into a strategic collaboration with SARO/Siccardi, an Italian distributor of powder coatings.
The company said the deal will merge PPG's advanced powder coating technologies with SARO/Siccardi's large distribution network, providing customers customized solutions, technical support, and competitive pricing.
The deal will also expand PPG's distribution footprint in Italy, and improve SARO/Siccardi's customer service and response times, the companies said.
Shares of PPG Industries rose about 1.6% in recent trading activity.
Price: 124.52, Change: +1.99, Percent Change: +1.62
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