Vitro Completes Acquisition of PPG’s Flat Glass Business, Invests in Jumbo MSVD Coater
|From humble beginnings in 1883 as the Pittsburgh Plate Glass Company, PPG (now Vitro Architectural Glass) became a world leader in glass manufacturing, shipping glass to more than 80 countries and producing some of the industry’s most advanced architectural glasses.|
|The Vitro Glass Technology Center in Harmar Township, Pennsylvania, formerly the PPG Glass Business and Discovery Center, is one of the world’s most sophisticated hubs for glass technology, research and development. The facility was acquired by Vitro on Oct. 1, 2016, along with five glass production furnaces in the U.S. and four distribution and fabrication facilities in Canada.|
On Oct. 1, 2016, Vitro, S.A.B. de C.V. successfully concluded the acquisition of PPG's flat glass business. The transaction was approved by the governing bodies of both companies and by the relevant regulatory authorities in the United States and Canada, according to a company release. PPG Flat Glass now operates under the name Vitro Architectural Glass.
The business includes PPG’s entire flat glass manufacturing and glass coatings operations in the United States and Canada, which includes four manufacturing plants with a total of five flat glass furnaces; a research and development center; and four distribution and fabrication facilities in Canada. The Vitro Glass Technology Center in Harmar Township, Pennsylvania, formerly the PPG Glass Business and Discovery Center, became the U.S. home of Vitro Architectural Glass, as part of the company's acquisition, with the goal of expanding its legacy of research and development.
Vitro 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. The projected coater will be capable of coating jumbo sizes.
“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," says Adrian Sada Cueva, chief executive officer of Vitro. "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.”