Cardinal Glass Industries, Inc. entered into an agreement to acquire North American Architectural Glass Business from AGC Inc. (TSE:5201) for $450 million on June 15, 2021. Architectural Glass Business recorded net sales of ¥28.1 billion ($272.289 million) and operating profit of ¥1.1 billion ($10.659 million) in 2020. The transaction is subject to the approval of the related authorities and the earliest closing would be July 2021. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to AGC Inc.