- Reuters•last month
Mexican glass manufacturer Vitro said on Thursday it had agreed to purchase the flat glass unit of U.S. company PPG for around $750 million, giving it a foothold in U.S. and Canadian markets. Under the deal, Monterrey-based Vitro will acquire four plants with a total of five furnaces in the United States, a flat glass investigation unit and four glass processing centers in Canada, the company said in a statement. Vitro, which emerged from a lengthy debt restructuring process in 2013 and last year sold its glass container business to Owens-Illinois Inc for more than $2 billion, said the deal would make it a world leader in the flat glass business.
- Associated Press•last month
PPG Industries Inc. has agreed to sell its flat glass manufacturing and glass coatings operations to Vitro SAB for $750 million in cash. The deal, expected to close by the end of the year, will leave PPG ...
- American City Business Journals•last month
PPG (PPG) made official Thursday its long-rumored plans to sell off its flat glass manufacturing and glass coatings operations, a deal that includes 1,200 employees and operations in Harmar Township as well as throughout the country. The company is selling the operations for $750 million to Vitro S.A.B. de C.V., the largest glass maker in Mexico, in a deal expected close by the end of the year.
Vitro, S.A.B. de C.V. (VITROA.MX)
Mexico - Mexico Delayed Price. Currency in MXN
|Bid||60.86 x 10000|
|Ask||61.00 x 409300|
|Day's Range||61.00 - 61.20|
|52wk Range||36.09 - 71.00|
|1y Target Est||N/A|
|P/E Ratio (ttm)||1.21|
|Avg Vol (3m)||53,719|
|Dividend & Yield||N/A (N/A)|