Feidal Coatings.
Feidal Coatings is a German,
privately held company that develops, produces and sells paints and
coatings. Feidal Coatings’ business divisions
include industrial coatings and decorative
paints. Feidal’s industrial coatings business
estimated net sales is €18m and has approximately 80 employees. The transaction
includes acquisition of Feidal GmbH & Co.
KG, Brüggen factory and industrial coatings
business from Feidal Polska Sp. z.o.o. The
Brüggen factory will continue manufacturing industrial metal paints.
“The acquisition of industrial coatings
business from Feidal Coatings strength-
ens our position in general industry coat-
ings. We will now focus on building the
business forward in close cooperation
to ensure high quality and improved
service level to our customers”, says
Paula Salastie, CEO, Teknos Group Oy.
The parties have agreed that the value
of the transaction will remain undisclosed.
PPG Acquires Naming
Rights for Pittsburgh
Penguins Home, to Become
‘PPG PAINTS Arena’
PPG has announced that it has reached
an agreement with the Pittsburgh
Penguins to immediately assume naming rights for Pittsburgh’s multipurpose
arena. Previously known as “CONSOL
Energy Center,” the facility now will be
named “PPG PAINTS Arena.” PPG also
becomes the official paint supplier of
the Pittsburgh Penguins. Financial terms
for the 20-year agreement were not disclosed. (Additional materials, images and
video associated with this announcement
are available at: http://newsroom.ppg.
com/ppgpaintsarena.)
In the coming weeks, signage inside
and outside the facility and all related
marketing materials will transition to reflect the new name and logo.
“As we continue to invest in building
our brand, PPG PAINTS Arena offers
us a unique platform to showcase our
paint and coatings products that help
protect and beautify the world,” said
Michael McGarry, PPG chairman and
CEO. “This partnership – with one of
the most-watched sports franchises on
television – enables PPG to showcase
our consumer products, including the
PPG PAINTS, GLIDDEN, OLYMPIC
paint and stain, and PITTSBURGH
PAINTS & STAINSbrands, to an audience of home-improvement consumers
and paint professionals.
“We are proud to support the Stanley
Cup-champion Pittsburgh Penguins and
to invest in this important venue in our
hometown,” McGarry continued. “On
behalf of our customers, employees and
business partners around the world, PPG
sends a hearty, ‘Let’s Go Pens!’ cheer to
the team and all of Pittsburgh.”
“We are excited to extend our part-
nership with PPG – a top-notch global
organization that makes its home here
in Pittsburgh,” said David Morehouse,
Pittsburgh Penguins president. “We
