Page 19 - Glass Machinery Plants & Accessories no. 5/2017
P. 19
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NIPPON ELECTRIC GLASS
FIBERGLASS BUSINESS
ACQUIRED FROM PPG
Nippon Electric Glass, transportation, energy,
based in Japan, has infrastructure and
acquired facilities consumer markets.
in Chester, South Speaking on the sale,
Carolina, and Lexington PPG said proceeds
and Shelby, North were approximately 541
Carolina; and research- million USD pre-tax.
and-development and Last year the company
administrative operations sold its European
in Shelby and Harmar, fiberglass business,
Pennsylvania. The newly stakes in two Asian
acquired fiberglass fiberglass joint ventures
business employs more and its North American
than 1,000 people flat glass business. Its
and had sales of about key focus is now on
350 million USD in paints and industrial
2016. It supplies the coatings.
BA VIDRO
BUYOUT BID FOR
BULGARIA’S DRUJBA
GLASSWORKS PUBLISHED
Bulgaria’s financial Financial Supervision
regulator has cleared the Commission.
publication of a buyout In June, Bareck Overseas
offer by Bareck Overseas, acquired 286,817 Drujba
a wholly owned Glassworks shares for
subsidiary of Portugal’s BGN 1.75 million in a
BA Vidro, for the buyout bid.
remaining 0.20% stake In October 2016,
in Drujba Glassworks, Greek glassmaker
which BA Vidro does not Yioula agreed to sell its
already own directly or Bulgarian unit Drujba
indirectly. Glassworks to BA
The buyout bid for Vidro as part of a wider
the 108,805 shares divestment plan that
the company wants to also includes the group’s
acquire is priced at BGN glass container business
6.118 (USD 3.7/3.1 in Romania.
EUR) per share, Drujba Glassworks
according to a has two glass
recent statement container plants
from the - in Sofia and
Plovdiv.