Acquisitions · Glass fiber
Nippon Electric Glass buys PPG's US fiber glass business for $545 million
- Buyer
- Nippon Electric Glass (via NEG America) (Otsu, Shiga)
- Target
- PPG Industries' US fiber glass business, Shelby, North Carolina
- Value
- $545M
- Status
- Completed in 2017.
- Date
- 2017-05-26
Nippon Electric Glass bought PPG Industries' US fiber glass business, based in Shelby, North Carolina, for $545 million through its US unit NEG America.
Why it matters
The deal gives Nippon Electric Glass US production of glass fiber, a material used to reinforce plastics in cars, wind turbines and other products.
Sources
Kakehashi M&A News home
