PITTSBURGH (AP) – The Pittsburgh Penguins have announced their arena naming rights are shifting from Consol Energy Center to PPG Paints Arena.
PPG and the team say the new deal covers 20 years, although they didn’t disclose financial terms.
The move essentially transfers the arena’s naming rights from one large Pittsburgh-area company to another. Consol Energy signed on as a title sponsor of the arena when it opened in 2010.
Consol confirmed they are transferring the naming rights to PPG. The company has struggled with low energy prices in recent months and says the move is part of its corporate transformation, as it moves from a company based on coal production to one that focuses on natural gas.