PPG Industries Boosts Business With New Distribution Center
Zacks Investment Research | May 23, 2019 07:44AM ET
PPG Industries, Inc. (NYSE:PPG) has inaugurated a new 450,000 square-foot facility in Flower Mound, TX. It the largest distribution center in the company’s U.S. and Canadian network for architectural paints and coatings.
This facility highlights the company’s dedication to expand business and strengthen its overall distribution strategy. It is located in the Lakeside Ranch Business Park in the Dallas-Fort Worth metropolitan area. The distribution facility caters more than 1000 PPG Paints stores, national and independent retailers in the southwest U.S. region. It is capable of storing more than 4 million gallons (15 million liters) of more than 4,500 unique paint and coatings products.
The company owns and operates nearly 40 PPG Paints stores in the Dallas-Fort Worth region. It also sells products through local independent retailers in the area. The company’s architectural coatings business employs roughly 900 people in Texas.
Shares of PPG Industries have gained 5.6% in the past year, against the 31.5% decline of the Zacks Investment Research
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