the deal still undervalues the company, as well as potentially facing antitrust risks, and not addressing other concerns such as "cultural differences". Under Dutch company law, PPG must now decide to either make a formal bid or walk away. In early June PPG chose to abandon pursuit. 2020s In May 2021, PPG completed the acquisition of Wörwag, a German coating manufacturer. Environmental record In November 2010, PPG agreed to remove 700,000 tons of toxic waste from Canal Crossing, a brownfield site in Jersey City, New Jersey where the company operated a chromium processing plant between 1954 and 1963. Stringent standards were agreed to in a federal court settlement. Lime Lake Reclamation Project of PPG Industries in Barberton, Ohio, received special awards in the National Beneficial Use of Biosolids Program from Environmental Protection Agency’s (EPA) region 5 in 1998. According to the book Strangers in Their Own Land by Arlie Russell Hochschild, Pittsburgh Plate Glass ordered employees to dump toxic tar in Bayou D'Inde in Lake Charles, Louisiana. In sports PPG has been involved in sports for numerous years, including being the primary sponsor for the CART Indy car series from 1980 to 1997. The company has been a partner of Team Penske in CART, IndyCar Series and NASCAR Cup Series since 1984. Since the race's inception in 1994, PPG has sponsored the trophy for the Brickyard 400. On October 4, 2016, it was announced that The Consol Energy Center in Pittsburgh would be giving up its naming rights, and transferred to PPG, making the arena named the PPG Paints Arena. PPG also partners with Formula 1 racing teams. They have a partnership with Williams F1 Team since 2017. PPG is the prime sponsor of John Force Racing and makes all their cars and paints and decals them before each NHRA race. Gallery See also Bristol Paint, purchased by PPG in 2007 Columbia-Southern Chemical Corporation Dimetcote Self-cleaning glass Transitions Lenses, a joint venture since 1990. References External links PPG Corporate website Chemical companies of the United States Glassmaking companies of the United States Paint and coatings companies of the United States Multinational companies headquartered in the United States American companies established in 1883 Chemical companies established in 1883 1883 establishments in Pennsylvania Companies listed on the New York Stock Exchange Synthetic paper industry