PPG to acquire coatings distributor based in Panama

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PPG Industries said it has an agreement to buy Canal Supplies Inc., a coatings distributor based in Panama.

Financial terms of the deal were not disclosed.

Canal Supplies is privately held and has fewer than 15 employees. It distributes protective and marine coatings throughout Central America.

PPG said the acquisition, which is expected to close in the second quarter, will help it expand its customer base in Central America, particularly in Costa Rica and Panama, which it said are growth markets for coatings.

Joyce Gannon: jgannon@post-gazette.com or 412-263-1580.

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