On the Record · PPG Industries

PPG Industries acquisitions, on the record

The businesses PPG Industries bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
European and Australian traffic solutions businesses Word for word“The fair value of the traffic solutions reporting unit decreased primarily due to increases in the cost of capital (discount rate assumption) and declines in the reporting unit’s long-term forecast driven by challenges at its operations in Argentina due to the highly inflationary environment and changes to the reporting unit’s global footprint, including the fourth quarter 2023 divestiture of its European and Australian businesses.” 10-K for 2023	divestiture	fourth quarter 2023	—
legacy industrial Russian operations Word for word“The Company divested its legacy industrial Russian operations during 2023 and continues to diligently work towards exiting Russia, including a possible sale of its remaining Russian business or controlled withdrawal from the Russia market.” 10-K for 2023	divestiture	during 2023	—
Tikkurila Oyj Word for word“On June 10, 2021, PPG completed its tender offer for all of the outstanding shares of Tikkurila Oyj ("Tikkurila").” 10-K for 2023	acquisition	June 10, 2021	—
Businesses acquired in 2023 (not individually named) Word for word“During 2023, the Company deployed $109 million for acquisitions, $549 million for capital expenditures and $598 million for dividends.” 10-K for 2023	acquisition	During 2023	$109 million
More than 50 acquisitions over the last decade (not individually named) Word for word“Over the last decade, we have successfully completed more than 50 acquisitions, and we will likely acquire additional businesses and enter into additional joint ventures in the future.” 10-K for 2023	acquisition	Over the last decade	—
architectural coatings business in the U.S. and Canada Word for word“As described in Note 2 to the consolidated financial statements, on December 2, 2024, the Company completed the sale of 100% of its architectural coatings business in the U.S. and Canada.” 10-K for 2024	divestiture	December 2, 2024	—
silicas products business Word for word“In December, the Company completed the divestitures of both the silicas products business and the architectural coatings U.S. and Canada business.” 10-K for 2024	divestiture	—	—
traffic solutions business in Argentina Word for word“and the losses on the sales of the Company's traffic solutions business in Argentina in the second quarter 2024, the Company's European and Australian Traffic Solutions businesses in the fourth quarter 2023 and the Company's legacy industrial Russian operations in the third quarter 2023.” 10-K for 2024	divestiture	second quarter 2024	—
businesses acquired (business acquisitions, net of cash balances acquired) Word for word“During 2024, the Company deployed $721 million for capital expenditures, $622 million for dividends and $31 million for acquisitions.” 10-K for 2024	acquisition	2024	$31 million
U.S. and Canada architectural coatings business Word for word“In 2024, PPG completed the sale of 100 % of its architectural coatings business in the U.S. and Canada to American Industrial Partners (AIP), an industrials investor.” 10-K for 2025	divestiture	In 2024	—
remaining Russian business Word for word“In the first quarter 2025, PPG completed the sale of its remaining Russian business.” 10-K for 2025	divestiture	In the first quarter 2025	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	$349 million	$1.1 billion	$174 million
2017-12-31	$225 million	—	$112 million
2018-12-31	$378 million	—	$235 million
2019-12-31	$643 million	—	$396 million
2020-12-31	$1.17 billion	—	$534 million
2021-12-31	$2.14 billion	—	$1.36 billion
2022-12-31	$114 million	—	$46 million
2023-12-31	$109 million	—	$139 million
2024-12-31	$31 million	—	$2 million
2025-12-31	$1 million	—	—

Deal filings since 2016

2025-11-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-07-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-04-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-03-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-10-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from PPG Industries’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.