P-D Management Industries-Technologies GmbH agreed to acquire additional 33% stake in Valmiera Glass USA Corporation from AS Valmieras stikla skiedra (RISE:VSS1R) for approximately $1.33 million on September 12, 2016. The consideration will be paid within a period of ninety days of signing the agreement. Post transaction Valmiera Glass USA Corporation will renamed as P-D Valmiera Glass USA Corp. P-D Management Industries-Technologies GmbH completed the acquisition of additional 33% stake in Valmiera Glass USA Corporation from AS Valmieras stikla skiedra (RISE:VSS1R) in 2016.