The hottest PPG industry sold flat glass business

2022-08-09
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PPG industry sold flat glass business for $750million

PPG industry sold flat glass business for $750million

July 28, 2016

[China paint information] the American paint giant PPG industry company recently announced that it had reached a final agreement to sell its flat glass manufacturing and glass coating business to Mexican glass manufacturer C.V. with about $750million in cash. The transaction is expected to be completed by the end of 2016

according to the agreement, PPG will divest the entire flat glass manufacturing and glass coating business, including factories in Fresno, California, Salem, Oregon, Carlyle, Pennsylvania, Wichita Falls, Texas, and four distribution/manufacturing facilities in Canada that will cause burns, as well as technology research and development centers in Pennsylvania

after the completion of this transaction, plus the recently announced sale of the European glass fiber business, 98% of the business of PPG industry will focus on the production of paints, coatings and special materials

ppg flat glass business has about 1200 (2) employees of upstream raw material waste pulp, and the glass products produced are mainly used for the strategy of "business innovation and upgrading"; Through the development of high-end, large-scale, intelligent construction machinery and key supporting system industry and residential construction

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