One Era Ends, Another Begins: Vitro Buys PPG's Glass Business

摘要

Over the last decade, PPG has made no secret of its desire to divest of its fiat glass segment. In late July, the timing was right. PPG and Mexico-based glass manufacturer Vitro announced Vitro would purchase the assets of PPG's flat glass business for $750 million. In an exclusive interview with USGlass magazine, PPG vice president of flat glass Dick Beuke said the company came to believe over the last ten years that "glass was an important part of the business, but it was not strategic."