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PPG unloads auto glass operations for $330 million

Post Time:Jul 08,2008Classify:Industry NewsView:166

More than a year after announcing its intent to sell off its automotive OEM glass and replacement glass services business, PPG Industries of Pittsburgh signed a sale agreement July 8 with private equity firm Kohlberg & Co. LLC, Mount Kisco, N.Y. Under the agreement, PPG will sell the auto glass business to a new company formed by Kohlberg in exchange for $330 million and a 40 percent minority ownership stake in the new company, according t to a PPG release the same day.

Source: http://www.glassmagazine.com/news-item/auto/ppg-unloads-auto-glass-operations-330-millionAuthor:

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