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.
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