Vitro S.A.B. de C.V. acquired Pittsburgh Glass Works’ automotive original equipment manufacturer glass business from LKQ Corp.
Vitro S.A.B. de C.V. acquired Pittsburgh Glass Works’ automotive original equipment manufacturer glass business from LKQ Corp. The acquisition completes the agreement announced last December for $310 million, free of cash and debt. The final acquisition price is subject to potential post-closing purchase price adjustments, which are typical for these types of transactions.
Headquartered in Pittsburgh, PGW operates seven manufacturing plants, two satellite facilities and two float glass furnaces in the United States. It also has one manufacturing plant in Poland and owns an equity participation in two joint ventures, one each in Mexico and China.
“The experience and state-of-the-art technology PGW brings to our business will enhance our technical, research and development capabilities,” says Adrian Sada Cueva, CEO of Vitro. “It will further strengthen our company and create a business staffed by talented employees and strategically positioned for growth.”