PITTSBURGH – PPG Industries has provided updates on various financial details related to the company’s Jan. 2 acquisition of SigmaKalon Group, after the company told analysts last November that it expected nonrecurring acquisition-related costs of $100 million to $200 million pretax.

Nonrecurring costs for the first quarter 2008 will be approximately $117 million pretax ($89 million aftertax), including $94 million pretax ($66 million aftertax) for the flow-through cost of sales of the step-up to fair value of acquired SigmaKalon inventory and $23 million pretax ($23 million aftertax) for the write-off of in-process research and development. Additional nonrecurring charges in the range of $50 million to $85 million pretax may occur during 2008 and said details will be provided as they become available.

PPG also stated that it will incur incremental interest costs of approximately $40 million related to the acquisition for the first quarter 2008, which matches the company’s previous estimates. On March 14, PPG announced the completion of a senior note offering to replace a bridge loan used to partially finance the SigmaKalon acquisition. The company said it estimates incremental interest costs stemming from the acquisition of about $44 million for the second quarter 2008.