PPG Completes Sale of Flat Glass Operations to Vitro
PITTSBURGH--(BUSINESS WIRE)--
PPG (NYSE:PPG) today announced that it has completed the sale of its
flat glass manufacturing and glass coatings operations to Vitro S.A.B.
de C.V., a leading producer of flat glass and specialty products.
The sale includes PPG’s entire flat glass manufacturing and glass
coatings operations, including production sites located in Fresno,
California; Salem, Oregon; Carlisle, Pennsylvania; and Wichita Falls,
Texas; four distribution/fabrication facilities located across Canada;
and a research-and-development center located in Harmar, Pennsylvania,
near Pittsburgh. The business manufactures glass that is fabricated into
products used primarily in commercial and residential construction.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints,
coatings and materials that our customers have trusted for more than 130
years. Through dedication and creativity, we solve our customers’
biggest challenges, collaborating closely to find the right path
forward. With headquarters in Pittsburgh, we operate and innovate in
more than 70 countries and reported net sales of $14.8 billion in 2015.
We serve customers in construction, consumer products, industrial and
transportation markets and aftermarkets. To learn more, visit www.ppg.com.
Forward-Looking Statements
Statements in this news release relating to matters that are not
historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 reflecting the
company’s current view with respect to future events or objectives and
financial or operational performance or results. The forward-looking
statements contained herein include statements relating to the expected
cash proceeds to PPG from of the sale of PPG’s flat glass business.
Actual events may differ materially from current expectations and are
subject to a number of risks and uncertainties, including risks and
uncertainties discussed in PPG’s periodic reports on Form 10-K and Form
10-Q and its current reports on Form 8-K filed with the Securities and
Exchange Commission. Forward-looking statements speak only as of the
date of their initial issuance, and PPG does not undertake any
obligation to update or revise publicly any forward-looking statement,
whether as a result of new information, future events or otherwise.
We protect and beautify the world is a trademark and the PPG
Logo is a registered trademark of PPG Industries Ohio, Inc.
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PPG Media:
Mark Silvey, +1-412-434-3046
Corporate
Communications
silvey@ppg.com
or
PPG
Investor:
Scott Minder, +1-412-434-3466
Investor Relations
sminder@ppg.com
investor.ppg.com
Source: PPG