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Nov. 30, 2020, 8:46 a.m. EST

PPG Industries to buy pavement marking products maker Ennis-Flint in a $1.2 billion deal

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By Tomi Kilgore

PPG Industries Inc. /zigman2/quotes/202418877/composite PPG -0.75% announced Monday an agreement to buy pavement marking products maker Ennis-Flint in a deal valued at $1.15 billion. "The acquisition of Ennis-Flint will further expand our product offering and opportunities in rapidly developing and high-growth mobility technology solutions," said PPG Chief Executive Michael McGarry. "The addition of Ennis-Flint's products further enhances our existing mobility technologies in support of increased automotive occupant safety through driver-assisted and autonomous driving systems." PPG's stock, which ticked up 0.2% in premarket trading, has climbed 21.0% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.57% has gained 3.7%.

/zigman2/quotes/202418877/composite
US : U.S.: NYSE
$ 139.95
-1.06 -0.75%
Volume: 2.28M
Jan. 27, 2021 4:04p
P/E Ratio
31.45
Dividend Yield
1.54%
Market Cap
$33.31 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
3,750.77
-98.85 -2.57%
Volume: 3.80B
Jan. 27, 2021 4:53p
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