Asahi buys PPG's European Operations
The European assets of PPG Industries glass operations are being purchased by Asahi Glass, parent company of North American automotive glass supplier AP Technoglass. The $230 million deal will double Asahi's European market share. Glaverbel, an Asahi affiliate, currently operates factories in Belgium, The Netherlands, Czech Republic and Russia. PPG's current European operations generate annual sales
July 1, 1998
The European assets of PPG Industries glass operations are being purchased by Asahi Glass, parent company of North American automotive glass supplier AP Technoglass. The $230 million deal will double Asahi's European market share. Glaverbel, an Asahi affiliate, currently operates factories in Belgium, The Netherlands, Czech Republic and Russia. PPG's current European operations generate annual sales of about $450 million and include 2,750 employees working at automotive and flat-glass manufacturing facilities in France and Italy.
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