November 30, 2007 / 4:46 PM / 10 years ago

PPG Industries sees 2006 buys delivering FY07 sales of $750 mln

Nov 30 (Reuters) - PPG Industries Inc’s (PPG.N) said the acquisitions made in 2006 will deliver full-year 2007 sales of about $750 million with year-to-date margins in the high single-digit percentages.

    The paint and coatings maker also indicated that its pending acquisition of SigmaKalon Group, in Uithoorn, Netherlands, may be dilutive to earnings in 2008.

    On full-year pro-forma projections, PPG expects more than 80 percent of its sales will be comprised of coatings and optical and specialty materials. (Reporting by Manish Gupta in Bangalore; Editing by Pratish Narayanan)

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