SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) May 6, 1998
PPG INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 1-1687 25-0730780
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
One PPG Place, Pittsburgh, Pennsylvania 15272
(Address of principal executive offices) (Zipcode)
Registrant's telephone number, including area code (412) 434-3131
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
On May 6, 1998, PPG Industries, Inc. issued the press release
attached hereto as Exhibit 20, which is incorporated by reference
herein.
Item 7. Exhibit
(20) PPG Industries, Inc. press release dated May 6, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
PPG INDUSTRIES, INC.
(Registrant)
/s/ W. H. Hernandez
W. H. Hernandez
Senior Vice President, Finance
Date: May 13, 1998
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[Logo of PPG Industries, Inc.] Exhibit 20
PPG Industries, Inc.
Corporate Communications Department
One PPG Place
Pittsburgh, Pennsylvania 15272-0001 USA
News John S. Ruch 412-434-2445
GLAVERBEL TO ACQUIRE PPG'S
EUROPEAN FLAT GLASS BUSINESS
PITTSBURGH, May 6 -- PPG Industries of Pittsburgh and Glaverbel S.A.
of Brussels, Belgium, announced that Glaverbel has confirmed its intention
to purchase PPG's European flat and automotive glass business, based mainly
in France and Italy. Terms were not disclosed.
Final agreement is subject to due diligence, approvals of the governing
bodies of the companies and regulatory authorities, and notification of
works councils. The parties expect to complete the transaction by June 30.
PPG's European glass business is mainly active in the flat glass and
automotive glass sectors. It has four float glass production lines with
total capacity of 2,000 tons per day, facilities to produce windshields
and tempered glass for more than two million autos per year, some
processing activities and an architectural glass distribution network in
France.
Consolidated annual sales of the PPG business units are about
US$450 million; they employ about 2,750 people.
PPG announced in March its intention to sell its profitable glass
business in Europe, citing its lack of scale.
-21585/598-
Internet: http://www.ppg.com
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