Vitro Finalizes PPG Flat Glass Acquisition

October 3rd, 2016 by Editor

Vitro, the leading glass manufacturer in Mexico, has successfully concluded the acquisition of PPG’s flat glass business, a $750 million deal that was initially announced in July.

Photography by Tom Cwenar The Tower at PNC Plaza features an innovative double-skin façade, one of the first of its kind in North America, which is designed to help the building naturally ventilate for 42 percent of the year. The inner and outer curtain walls feature SUNGATE glass by PPG (now Vitro Architectural Glass), which was selected for its ability to trap furnace heat in the winter; and STARPHIRE ULTRA-CLEAR glass, which was specified for its ability to transmit high levels of daylight.

The Tower at PNC Plaza in Pittsburgh features an innovative double-skin façade, one of the first of its kind in North America, which is designed to help the building naturally ventilate for 42 percent of the year. The inner and outer curtain walls feature SUNGATE glass by PPG (now Vitro Architectural Glass), which was selected for its ability to trap furnace heat in the winter; and STARPHIRE ULTRA-CLEAR glass, which was specified for its ability to transmit high levels of daylight. (Photography by Tom Cwenar)

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 four manufacturing plants with a total of five flat glass furnaces in the U.S. and Canada; a research and development center in Harmar Township, Pa.; and four distribution and fabrication facilities in Canada.

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 coater will be capable of coating jumbo sizes, and the company says it could be the largest of its kind in North America.

“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,” said Vitro CEO Adrian Sada Cueva. “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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