# Paşabahçe acquires Egyptian glass manufacturing company for $50M

Paşabahçe acquired an Egyptian glass manufacturing company in a deal worth $50 million, as part of its $100 million investment in Egypt.

- Type: Acquisition
- Announced: 2017-07-12
- Where: Egypt, Egypt
- Value: $50.0M
- Jobs: 1,200
- Status: completed
- Products: glass products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Paşabahçe](https://endata.com/companies/25568.md) (acquirer)
- [Pearl Glass Group](https://endata.com/companies/25622.md) (target)

## Sources

- [egypttoday.com](https://www.egypttoday.com/Article/3/11402/Turkish-firm-to-invest-100M-in-Egypt), 2017-07-12: "The investment comes as Paşabahçe acquired an Egyptian glass manufacturing company in a deal worth $50 million."
- [glassonline.com](https://www.glassonline.com/pasabahce-acquires-pearl-glass-group-for-50m/), 2017-07-14: "Paşabahçe, the third largest glass producer in the world and the second largest in the European continent, completed the acquisition of the Pearl Glass Group for $50m"

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