Finance / United States
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PPG To Sell Auto-Glass Business To Kohlberg
July 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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PPG Industries, the US manufacturer of glass and chemical products announced on July 8 that it has agreed to sell a controlling stake in its automotive division to a new company formed by Private Equity firm Kohlberg and Company LLC for US$330mn. PPG is a leading manufacturer of glass, chemical products, coatings, optical products and fiber glass, and is also and is the world's third largest manufacturer of industrial chlorine, caustic soda, vinyl and solvents. Based in Pittsburgh, the company has 125 manufacturing facilities and equity affiliates, and operates in over 60 countries across Europe, Asia and Latin America.