targeted divesture

Chuck Bunch

The early 1990s seemed like a halcyon period for PPG Industries, one of Pittsburgh’s most venerable and best-known companies. Its three business pillars—coatings, glass and chemicals—each was producing about one-third of the firm’s revenue, a tried-and-true formula that promised decades of success. Then came the revolution. Thanks in part to market forces that included globalization, …

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