PPG Industries hires Goldman Sachs to evaluate strategic alternatives for its US/Canada architectural coatings business.

PPG Industries, a global paint and coatings company, has hired Goldman Sachs to evaluate strategic alternatives for its US and Canada architectural coatings business, which accounts for 10% of its sales. The firm will consider partnering with another company, operating as a standalone entity, or undergoing a joint venture. PPG's CEO Tim Knavish cited soft demand from DIY customers as a reason for lower sales in this region.