The affiliates of private equity firm Platinum Equity LLC intend to terminate their contract to acquire PPG Industries“ automotive original equipment manufacture (OEM) glass and automotive replacemen…
The affiliates of private equity firm Platinum Equity LLC intend to terminate their contract to acquire PPG Industries“ automotive original equipment manufacture (OEM) glass and automotive replacement (ARG) glass and services businesses. PPG Industries, Inc., intends to sell its automotive-glass unit to Platinum Equity for about USD 500 million. PPG intends to focus on its coatings, aerospace and optical products businesses through this disposal.