Motorsport outfit Team Penske have extended and expanded their longstanding partnership with PPG Paints.
The deal will see the paints supplier serve as the primary sponsor of Ryan Blaney’s number 12 Ford Fusion for six races during the top-tier 2018 Monster Energy Nascar Cup Series season.
The financial terms of the agreement were not officially released but based on similar deals in Nascar, PPG Paints is likely to be committing a figure between US$2.4 million and US$4.8 million for the primary sponsorship of the stock car.
Additionally, the extension guarantees that PPG Paints will continue as an associate sponsor on all Team Penske cars competing in the Verizon IndyCar Series, as well as both DJR Team Penske entries in the Virgin Australia Supercars Championship. The agreement prolongs a partnership that dates back to 1984.
“PPG has been a trusted and valued partner with Team Penske for over 30 years as one of our longest-tenured sponsors,” said Roger Penske, owner of Team Penske. “It has been exciting to see the partnership grow over the last three plus decades and we will work together as we continue to build the PPG brand through an increased presence with our team in the Monster Energy Nascar Cup Series.”
“Having Ryan Blaney behind the wheel of a Team Penske car sponsored by PPG is going to make for a thrilling season - one we're really looking forward to,” added John Outcalt, PPG’s vice president of global automotive refinish. “Penske and PPG have always had a winning tradition. Together, we've shown we're a force to be reckoned with. And with Ryan on the track, we're looking to add to our joint legacy.”
Blaney finished ninth in the 2017 Monster Energy Nascar Cup Series, securing one race victory and four top five finishes. The new season gets underway with the 60th edition of the flagship Daytona 500 on 18th February.