Vitro, S.A.B. de C.V. (BMV:VITRO A) completed the acquisition of Flat Glass facilities in US and Canada and PPG Canada Inc. from PPG Industries, Inc..
October 30, 2016
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Vitro, S.A.B. de C.V. (BMV:VITRO A) entered into a definitive agreement to acquire Flat Glass facilities in US and Canada and PPG Canada Inc. (Calgary) from PPG Industries, Inc. (NYSE:PPG) for $750 million in cash on July 20, 2016. Transaction includes four plants in the U.S. and four fabrication facilities in Canada. The transaction is expected to close by the end of 2016, subject to customary closing conditions. Alfaro, Dávila y Ríos, SC LLP acted as financial advisor while Manuel Silva, Domonique Worship, Leidy Valencia, Leonard Jacoby, Jane Rosen, Brendan Cohen, Katie Dunn, Michael Albano, Bobby Underwood, Richard Bidstrup, Beau Sterling, Leah Brannon, Aaron Ross, Ryan Davis, Bill McRae, David Stucke, Steve Horowitz, Patrick Marette, Sami Aboulhosn, Theodore Samets, Jim Corsiglia and Chantal Kordula of Cleary Gottlieb Steen & Hamilton as legal advisor for Vitro. David Gibbons, Mahvesh Qureshi, Juan Francisco Torres Landa, Leigh Oliver, Scott Reisch, Carin Carithers, Christine Lane and Audrey Reed of Hogan Lovells US LLP acted legal advisor to PPG. Gowling WLG (Canada) LLP acted as a legal advisor to PPG Industries, Inc. (NYSE:PPG). Franziska Ruf, Marie-Emmanuelle Vaillancourt, Mark Katz, Jessica Bullock and Claudia Michaud of Davies Ward Phillips & Vineberg LLP acted as the legal advisor for PPG Industries, Inc.
Vitro, S.A.B. de C.V. (BMV:VITRO A) completed the acquisition of Flat Glass facilities in US and Canada and PPG Canada Inc. (Calgary) from PPG Industries, Inc. (NYSE:PPG) on October 1, 2016.
Vitro, S.A.B. de C.V. is a glass producer in Mexico. The Company, through its subsidiary companies, produces, processes, distributes and markets a range of glass products. It operates through two segments: Glass containers, which includes glass containers, precision components, as well as machinery and molds for the glass industry, and Flat glass, which includes flat glass for the construction and automotive industries, and carbonate and sodium bicarbonate. The Company's products include glass containers, float glass, automotive OEM glass, automotive replacement glass, machinery & equipment, and chemicals. It is also a supplier of raw materials, mold manufacturing, equipment and machinery, and equipment for industrial and chemicals. Through its Containers and Float Glass business units, it serves the cosmetics, perfume pharmaceutical, construction and automotive industries, as well as the chemical, machinery and equipment, and molds industries.
Vitro, S.A.B. de C.V. (BMV: VITRO A) completed the acquisition of Flat Glass facilities in US and Canada and PPG Canada Inc. from PPG Industries, Inc..
VITRO, S.A.B. DE C.V. 
