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 |
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Vitro, is a glass manufacturer in Mexico and one of the world’s major companies in its industry, backed by more than 100 years of experience. 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 |
| 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 |
| 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 |
| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Automotive |
| Employees | 46,000 |
| Revenue | 13.1B USD (2021) |
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 also has operations in the United Kingdom, Canada, Mexico, Taiwan, the Netherlands, Belgium, France, Guatemala and Costa Rica. LKQ operates more than 500 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks. 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 |
| 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 | - |
| 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 |
