PPG (NYSE:PPG) today announced that it has completed the sale of its European fiber glass operations to glass manufacturer Nippon Electric Glass Co. Ltd (NEG).
Manufacturing facilities in Hoogezand, Netherlands, and Wigan, England, and a research-and-development facility in Hoogezand were included in the transaction. The financial terms of the deal were not disclosed.
The European fiber glass operations manufacture reinforcement materials for thermoset and thermoplastic composite applications. They serve the transportation, energy, infrastructure and consumer markets.