M&A Deal Summary

Vitro Acquires Pittsburgh Glass Works

On March 1, 2017, Vitro acquired automotive company Pittsburgh Glass Works from LKQ for 310M USD

Acquisition Highlights
  • This is Vitro’s 1st transaction in the Automotive sector.
  • This is Vitro’s 3rd largest (disclosed) transaction.
  • This is Vitro’s 3rd transaction in the United States.
  • This is Vitro’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2017-03-01
Target Pittsburgh Glass Works
Sector Automotive
Buyer(s) Vitro
Sellers(s) LKQ
Deal Type Divestiture
Deal Value 310M USD

Target

Pittsburgh Glass Works

Pittsburgh, Pennsylvania, United States
Pittsburgh Glass Works LLC is a designer, producer and distributor of automotive glass to high-volume Auto-OEM applications and glass replacement markets worldwide. PGW’s business comprises engineering development and application of sophisticated automotive glass technologies; glass manufacturing and assembly operations in North America, Europe and Asia wholesale and retail aftermarket distribution services; and retailer alliance partnerships in North America.

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Buyer(S) 1

Buyer

Vitro

San Pedro Garza Garcia, Mexico
Category Company
Founded 1909
Sector Packaging
Employees1,439
Revenue 311M USD (2023)
DESCRIPTION

Vitro, is a glass manufacturer. Vitro was founded in 1909 and is based in San Pedro Garza García, Mexico.

DEAL STATS #
Overall 4 of 4
Sector (Automotive) 1 of 1
Type (Divestiture) 3 of 3
State (Pennsylvania) 2 of 2
Country (United States) 3 of 3
Year (2017) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 LKQ - OEM Glass Manufacturing Business

Chicago, Illinois, United States

LKQ Corp. - OEM Glass Manufacturing Business is a manufacturer of glass.

Buy $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Empresas Comegua S.A.

Mexico

Empresas Comegua S.A. is a manufacturer of glass containers for the Central American and Caribbean markets. The business serves many of O-I's global strategic customers and various segments including food, soft drinks, beer, spirits, and pharmaceuticals. Operations include two glass manufacturing facilities - one in Costa Rica and another in Guatemala.

Sell -

Seller(S) 1

SELLER

LKQ

Chicago, Illinois, United States
Category Company
Founded 1998
Sector Automotive
Employees49,000
Revenue 12.8B USD (2022)
DESCRIPTION

LKQ is a provider of alternative collision replacement parts and also a provider of recycled engines and transmissions and remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ was founded in 1998 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 3
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 3
State (Pennsylvania) 1 of 2
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 LKQ - OEM Glass Manufacturing Business

Chicago, Illinois, United States

LKQ Corp. - OEM Glass Manufacturing Business is a manufacturer of glass.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Warn Industries

Clackamas, Oregon, United States

Warn Industries, Inc. is a designer, manufacturer and marketer of high performance vehicle equipment and accessories for light trucks, four-wheel drive recreational vehicles, and all-terrain vehicles.

Buy -
Mergr

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