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You are here: Home / News / LKQ Finalizes Sale of OEM Glass Manufacturing Business

LKQ Finalizes Sale of OEM Glass Manufacturing Business

March 2, 2017 By CollisionWeek Editor

LKQ Corporation (LKQ) yesterday announced that it has completed the previously announced agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary (PGW) to a subsidiary of Vitro, S.A.B. de C.V., a glass manufacturer based in Mexico. The sale price was $310 million, subject to potential post-closing purchase price adjustments.

LKQ logoAs part of the transaction, LKQ and Vitro entered into a multi-year supply agreement pursuant to which LKQ’s ongoing aftermarket glass distribution business will purchase a specified amount of its automotive glass from Vitro at specified prices.

“This divestiture, and the retention of the PGW aftermarket

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Filed Under: News Tagged With: Acquisitions, Auto Glass, LKQ Corporation

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