M&A Deal Summary

Vitro Acquires PPG - Flat Glass & Glass Coatings Operations

On July 21, 2016, Vitro acquired packaging company PPG - Flat Glass & Glass Coatings Operations from PPG for 750M USD

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

M&A Deal Summary
Date 2016-07-21
Target PPG - Flat Glass & Glass Coatings Operations
Sector Packaging
Buyer(s) Vitro
Sellers(s) PPG
Deal Type Divestiture
Deal Value 750M USD

Target

PPG - Flat Glass & Glass Coatings Operations

Pittsburgh, Pennsylvania, United States
PPG manufacturing and glass coatings operations, including production sites located in Fresno, California; Salem, Oregon; Carlisle, Pennsylvania; and Wichita Falls, Texas; four distribution/fabrication facilities located across Canada; and a research-and-development center located in Harmar, Pennsylvania, near Pittsburgh. PPG’s flat glass business includes approximately 1,200 employees. The business manufactures glass that is fabricated into products used primarily in commercial and residential construction.

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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 2 of 4
Sector (Packaging) 2 of 2
Type (Divestiture) 1 of 3
State (Pennsylvania) 1 of 2
Country (United States) 1 of 3
Year (2016) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Vitro - Glass Containers Food & Beverage Division

Mexico

Vitro - Glass Containers Food & Beverage Division includes five Food and Beverages Glass Container manufacturing plants located in Mexico, the operations in Bolivia and the distribution of such products in the United States.

Sell $2.2B
FOLLOWING 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

Seller(S) 1

SELLER

PPG

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1883
Sector Chemicals
Employees50,000
Revenue 18.2B USD (2023)
DESCRIPTION
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 2 of 6
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 4
State (Pennsylvania) 2 of 4
Country (United States) 2 of 4
Year (2016) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 MetoKote

Lima, Ohio, United States

MetoKote provides environmentally sound and cost-effective coating solutions including equipment, coating application, and related management and support services to a wide variety of industries such as agriculture, appliance, automotive, computer, construction equipment, electrical, furniture, industrial equipment, recreational, and truck and bus.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Deutek SA

Bucharest, Romania

Deutek SA is a manufacturer and marketer of a large portfolio of well-known professional and consumer paint brands, including OSKAR and Danke!. The company’s products are sold in more than 120 do-it-yourself stores and 3,500 independent retail outlets in Romania.

Buy -
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