Vitro S.A.B. de C.V., producer of flat glass and glass containers, is buying the flat glass manufacturing and glass coatings operations of PPG (NYSE: PPG), leaving PPG focused on paints, coatings and specialty materials. The Mexican company will pay $750 million for the operations, and the deal is expected to close by year-end.
Vitro, based in San Pedro Garza García, Nuevo Le-n, is acquiring PPG’s entire flat glass business, which makes glass used in mostly in commercial and residential construction. The business includes four manufacturing plants with five glass furnaces in Fresno, California; Salem, Oregon; Carlisle, Pennsylvania; and Wichita Falls, Texas; four distribution and fabrication facilities in Canada; and a research-and-development center in Harmar, Pennsylvania, along with 1,200 employees.