# Nippon Electric Glass to acquire PPG's glass fiber business for $545 million

Nippon Electric Glass Co Ltd signed an agreement to acquire PPG Industries' glass fiber business, including all shares of PPG Industries Fiber Glass Products, Inc. and related IP, for $545 million. Transaction expected to close in H2 2017.

- Type: Acquisition
- Announced: 2017-05-26
- Where: United States
- Value: $545.0M
- Status: announced
- Products: glass fiber
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [PPG Industries](https://endata.com/companies/1219.md) (target)
- [Nippon Electric Glass](https://endata.com/companies/24531.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/article/world/asia-pacific/nippon-electric-glass-signs-agreement-with-ppg-industries-regarding-acquisition-idUSL4N1IS2JW/), 2017-05-26: "Nippon Electric Glass Co Ltd Says it signed a agreement with PPG Industries, Inc. through unit Nippon Electric Glass America, Inc., regarding acquisition of glass fiber business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.