Cardinal Glass Industries, out of Eden Prairie, Minn., has announced the signing of a contract to acquire the assets of AGC Glass in Churchill, Tenn.; Abingdon, Va.; and Spring Hill, Kan. AGC is headquartered in Japan. The value of the transaction will be approximately USD $450 million and is subject to regulatory review and approval.

Cardinal says the deal lets it expand its float, coating, and tempering capacity, allowing it to stay responsive to the needs of its expanding customer base.

“Our capital investment plan for these operations will allow us to sustain even higher volumes in a very tight North American glass market,” said Roger O’Shaughnessy, CEO of Cardinal Glass Industries.

For more information from AGC, click HERE.