Pittsburgh Glass Works launches business operations
With the completion of the sale of Pittsburgh-based PPG Industries’ automotive glass and services business, Pittsburgh Glass Works, Pittsburgh, officially launched business operations, Oct. 1, 2008. Affiliates of Kohlberg & Co., Mt. Kisco, N.Y. will own 60 percent and PPG will retain approximately 40 percent of equity share in Pittsburgh Glass Works, according to a PGW release Oct. 2.
James Wiggins, an operating partner of Kohlberg & Co. has been named chairman and CEO of PGW. Frank Archinaco, formerly president and CEO of the business under PPG, will continue for a transitory period as senior vice president of strategy and planning.
“Our first order of business will be to capitalize upon the synergies and market opportunities that are available to us as a broad-based, independent organization,” said Wiggins, in the release. “We want to expand upon the leadership position these businesses hold in the automotive glass and services industry.”
Pittsburgh Glass Works plans to secure office space in the Pittsburgh area for its headquarters.