M&A Deal Summary

Vitro Acquires LKQ - OEM Glass Manufacturing Business

On December 19, 2016, Vitro acquired manufacturer LKQ - OEM Glass Manufacturing Business from LKQ for 310M USD

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

M&A Deal Summary

Date 2016-12-19
Target LKQ - OEM Glass Manufacturing Business
Sector Manufacturing
Buyer(s) Vitro
Sellers(s) LKQ
Deal Type Divestiture
Deal Value 310M USD

Target

LKQ - OEM Glass Manufacturing Business

Chicago, Illinois, United States
LKQ Corp. - OEM Glass Manufacturing Business is a manufacturer of glass.

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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 3 of 4
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2016) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 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.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 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.

Buy $310M

Seller(S) 1

SELLER

LKQ

Chicago, Illinois, United States

Category Company
Founded 1998
Sector Automotive
Employees49,000
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 1 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Mekonomen AB

Stockholm, Sweden

Mekonomen AB is an independent car parts and service chain retailer in the Nordic region of Europe, offering a wide range of quality products including spare parts and accessories for cars, and workshop services for consumers and businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 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.

Sell $310M