PPG Sells Traffic Equipment Manufacturer Eberle Design, Inc.

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced that it has completed the divestiture of Eberle Design, Inc. (EDI) to Vance Street Capital. Terms of the transaction were not disclosed.

EDI is a leading manufacturer of electronic control system components used for managing traffic safety and detecting vehicles at intersections, and for parking and access, rail, and emergency vehicle applications. The company has approximately 150 employees and operates from a single location in Phoenix, Arizona. Vance Street will incorporate EDI into its Intelligent Transportation Systems (ITS) platform, which includes Polara Enterprises and Carmanah Technologies.

PPG acquired EDI in December 2020, along with the Ennis-Flint business. Ennis-Flint remains the core of PPG’s Traffic Solutions business unit and is not impacted by the sale of EDI.

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At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for nearly 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

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CATEGORY Corporate

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Media Contact:

Mark Silvey

Corporate Communications

+1-412-434-3046

silvey@ppg.com

Investor Contact:

John Bruno

Investor Relations

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jbruno@ppg.com

investor.ppg.com

Source: PPG