PPG Industries Launches New Stain - Analyst Blog


OLYMPIC Paint and Stain brand of PPG Industries ' ( PPG ) Architectural Finishes business unit has expanded its product line with the launch of OLYMPIC ELITE Advanced Stain + Sealant in One. This premium exterior stain line offers a new palette of wood- and nature-inspired colors to keep decks, porches and other wooden exteriors looking great. This new, exclusive product line will be available at Lowe's stores across America at a retail price of roughly $40.

Olympic ELITE stains, built with COLOR RICH technology, are durable by nature and provide new levels of clarity and highest levels of protection against the damaging effects of sunlight, water, mildew and algae on the coating. All these characteristics makes it preferable than other standard flat, solid color stains.

The target customers of the new product would be homeowners who prefer wooden architecture and are ready to invest a little more to enhance and protect its beauty with durable color.

The new Olympic ELITE also introduces WOODLAND OIL, an array of super-pigmented, super-penetrating semi-transparent stains in hues of Natural, Mahogany Blaze, Kona Brown and a gold-brown hue named Mountain Cedar. The specialty of WOODLAND OIL is that it penetrates rapidly, even on exotic hardwoods.

Olympic ELITE stains are available in transparent stains, semi-transparent, semi-solid as well as rich, low-luster solid colors. The solid color stain palette, in particular, is available in 28 different nature-inspired hues to complement wood, brick and stone finishes and to harmonize with the home's natural settings. Hues are spread across eight color families and offer beautiful palette combinations.

Semi-solid stains of ELITE are built to bridge the gap between semi-transparent and solid colors to be applied on wood with more imperfections.

Olympic ELITE also includes a 4-SEASON Protection Package highlighting urethane-fortified resins for resilience and durability, exceptional ultraviolet (UV) resistance, enhanced waterproofing protection and the most powerful biocide package offered in the Olympic stain line for a more mildew- and algae-resistant film.

The Architectural Coatings unit of PPG manufactures paints, stains and specialty coatings marketed under renowned brands including CIL, FLOOD, GLIDDEN, LIQUID NAILS, OLYMPIC, PPG PITTSBURGH PAINTS and PPG PORTER PAINTS, to name a few. Its vast manufacturing and distribution base includes over 800 company-owned stores, over 5,000 independent dealer locations and all major home improvement centers.

PPG Industries currently carries a Zacks Rank #2 (Buy).

Other companies in the chemical industry worth considering include Methanex Corp. ( MEOH ), Cytec Industries Inc. ( CYT ) and The Dow Chemical Co. ( DOW ), all three carrying the same Zacks Rank as PPG Industries.

CYTEC INDS INC (CYT): Free Stock Analysis Report

DOW CHEMICAL (DOW): Free Stock Analysis Report

METHANEX CORP (MEOH): Free Stock Analysis Report

PPG INDS INC (PPG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: CYT , DOW , MEOH , PPG



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