Vitro completes acquisition of PPG’s flat glass business and announces investment in new jumbo MSVD coater
• Vitro has closed the acquisition of PPG’s flat glass business.
• Vitro also announced an investment in a jumbo magnetron sputtered vacuum deposition (MSVD) coater for the newly acquired business, which will be the largest coater in North America.
San Pedro Garza García, Nuevo Leon, October 3, 2016 - Vitro, S.A.B. de C.V. (BMV: VITROA), the leading glass manufacturer in Mexico, has successfully concluded the acquisition of the flat glass business from PPG (NYSE:PPG).
The transaction was approved by the governing bodies of both companies and by the relevant regulatory authorities in the United States and Canada.
The business includes PPG’s entire flat glass manufacturing and glass coatings operations in the United States and Canada, which includes four manufacturing plants with a total of five flat glass furnaces; a research and development center; and four distribution and fabrication facilities in Canada.
New jumbo coater investment
The company also announced the expansion of its coating production capability with the construction of a jumbo MSVD glass coater, which will be built at an existing location of the newly acquired business. MSVD coaters are used to produce high-performing, energy-efficient low-emissivity (low-e) glass.
The projected coater will be capable of coating jumbo sizes, and we expect it to be the largest of its kind in North America.
Adrian Sada Cueva, chief executive officer of Vitro, said, “The company’s Flat Glass Division has become a key business for Vitro, and this investment will allow us to strengthen it by offering a wider set of solutions to our customers. Through this investment, we will create value for our shareholders and our new flat glass business will reassert its standing as the leader in the commercial glass segment in North America.”
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About Vitro Architectural Glass
Vitro Architectural Glass, part of Vitro, S.A.B. de C.V. (BMV:VITROA), the largest company of its kind in the Americas, manufactures a range of industry-leading, energy-efficient products such as Solarban®, Sungate® and Starphire Ultra-Clear® glasses at U.S. plants in Carlisle, Pennsylvania; Fresno, California; Salem, Oregon; and Wichita Falls, Texas. Committed to sustainable manufacturing processes and products, the company also operates one of the world’s largest glass research and development facilities in Pittsburgh and four residential glass fabrication plants in Canada. Upholding the values of “Together, We See Further” across the architectural, automotive and containers markets, Vitro strives to realize the power of partnership to ensure that projects meet or exceed ever-evolving sustainability expectations as well as glass requirements. For more information, please visit www.VitroGlassHub.com.