PPG To Undergo Significant Layoffs, Sell Off Portion Of Business

CRANBERRY TOWNSHIP, PA — Cranberry-based PPG Industries will lay off 1,800 employees and sell its architectural coatings business, which includes 750 company-owned stores, to private equity firm American Industrial Partners in a $550 million deal.

The separate moves were announced Thursday.

PPG did not say when the layoffs will occur, but said the positions to be eliminated primarily will be those in the U.S. and Europe. The company also plan to close an unspecified number of its facilities in locations it did not disclose.

"We are taking decisive self-help actions to reduce our overall cost structure.," PPG chairman Tim Knavish said in a statement. "While these decisions are difficult, they are necessary to adjust our fixed cost base and to right-size our company. None of these actions will impact our ongoing investments or focus on organic growth.”

PPG’s architectural coatings business in the U.S. and Canada has a well-known portfolio of brands, including Glidden, Olympic, Liquid Nails, Homax, Pittsburgh Paints & Stains, Manor Hall and others. The business manufactures and sells interior and exterior paints, stains, caulks, repair products, adhesives, and sealants for homeowners and professionals.

PPG has more than 50,000 employees globally and had $18.2 billion in revenue in 2023. The PPG name is on the Uptown arena that is home to the Penguins and on PPG Place, a Downtown complex consisting of six office buildings and a public plaza.