business, H.B. Fuller is now a key, glob-
al competitor in some of the adhesives
industry’s most innovative and profit-
able segments,” said Jim Owens, presi-
dent and CEO, H.B. Fuller. “Together
with Tonsan’s management, we will
build a stronger position from which
to serve our customers in China and
around the world. And, with our com-
bined expertise and focus on innovation
and growth, we will continue to help
customers design new, different and
better products.”
Tonsan generated approximately
$100 million in revenue in 2014. H.B.
Fuller has acquired 95 percent of the eq-
uity of Tonsan for cash consideration of
Rmb 1.4 billion, or approximately $225
million. The four founding shareholders
of Tonsan will remain with the company
as a part of the leadership team and re-
tain a minority equity interest. The results
of this business will be included in H.B.
Fuller’s Asia Pacific operating segment
going forward.
PPG Announces All-New
Brand to Better Serve
Independent Dealers and
Paint Professionals
In an ongoing effort to better serve its customer base of independent retailers, PPG
Architectural Coatings, a business of PPG
Industries, has launced the all-new PPG
Pittsburgh
Paints brand,
combining the
heritage and
product excellence of both
the PPG Pittsburgh Paints brand and
Devoe Paint. The new PPG Pittsburgh
Paints brand will be available exclusively
to U.S.-based independent retailers and
represents a strong history in quality, durability and performance to contractors,
professional painters and homeowners.
“Uniting the strong equities of the
PPG Pittsburgh Paints brand and Devoe
Paint into this completely redesigned
who want to support a brand
that will be exclusive to the deal-
er market,” said Dori Marks,
senior marketing manager, PPG
Architectural Coatings. “This launch
demonstrates our commitment to the
independent dealer network, which PPG
has supported for more than 100 years,
by offering a new level of exclusivity they
can offer to the paint professionals and
homeowners they serve.”
The all-new PPG Pittsburgh Paints
brand is backed by more than 300 com-
bined years of paint expertise and will in-
corporate the most popular Devoe Paint
sub-brands, such as WONDER-TONES,
WEATHER KING and WONDER-PRO
lines, into the long-standing heritage of
color leadership, product knowledge
and service excellence that comes with
the PPG name. Independent retailers will
also enjoy an enhanced level of product
and marketing support with the new PPG
Pittsburgh Paints brand. New label de-
signs will begin to show up on shelves of
