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Crude oil prices hold steady Friday
Monday, October 6
PPG buys Ameron International Corp.
PITTSBURGH, June 29 (UPI) -- PPG Industries Inc. (NYSE:PPG) is paying $115 million to buy the performance coatings and finishes business of Ameron International Corp. (NYSE:AMN), Pasadena, Calif.
Ameron employs about 700 people, had sales of $210 million in 2005 and operates manufacturing sites in the United States, Europe, Australia and New Zealand.
In addition, PPG bought the remaining 50-percent share of Dongju Industrial Co. Ltd., from its partners, led by Dongju Chairman Yeong Kil Sohn. PPG has owned 50 percent of Dongju since 1985, PPG said Thursday.
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