WASHINGTON (dpa-AFX) - PPG Industries, Inc. (PPG), a global leader in
paints, coatings, and specialty materials, announced Monday that it has engaged
Goldman Sachs & Co. LLC as financial advisor to assist in a review of strategic
alternatives for its architectural coatings business in the U.S. and Canada.

PPG's architectural coatings business in the U.S. and Canada, which operates
within the company's performance coatings segment, is an industry leader in
residential and commercial architectural coatings.

In total, the distribution network includes more than 15,000 touchpoints through
company-owned stores, independent dealer locations, and major home improvement
centers and retailers across the U.S. and Canada. In 2023, the architectural
coatings business in the U.S. and Canada represented approximately 10% of PPG's
total net sales.

PPG said it is exploring this strategic review now given the positive momentum
in the business, with the intent of ensuring its continued growth and success
while also maximizing the value for PPG and its shareholders.

PPG's strategic review of its architectural coatings business in the U.S. and
Canada does not include its architectural coatings businesses in the other
regions around the world, including in Latin America, Europe and Asia Pacific.

In January, PPG announced a strategic review of alternatives for its silica
products business.



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