PPG Industries PPGintends to open a new distribution center in Flower Mound, TX. The roughly 450,000-square-foot facility will be build and leased through Duke Realty DRE. Touted to be the largest distribution center for architectural paints and coatings in the company’s U.S. and Canada network, the project is expected to be completed in May 2019.
With this move, the company will be able to strengthen its distribution model and provide improved and efficient service to national accounts, company stores and independent retailers across the United States.
The new center will help expand the company’s presence in the Dallas-Fort Worth area. PPG Industries has already invested around $9 million to open 14 stores, bringing the total to nearly 40 PPG stores in the region.
The company’s shares have declined around 1.4% over a year compared with roughly 15% growth recorded by its industry.