# Lamtec Corporation to acquire 10% stake in P-D VALMIERA GLASS USA Corp.

Valmieras stikla skiedra AS announced that existing shareholders of P-D VALMIERA GLASS USA Corp. have concluded an agreement with Lamtec Corporation to sell 10% of the shares for $10 million.

- Type: Acquisition
- Announced: 2018-09-28
- Where: United States
- Value: $10.0M
- Status: announced
- Products: glass fiber
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Lamtec Corporation](https://endata.com/companies/34662.md) (acquirer)
- [P-D VALMIERA GLASS USA Corp.](https://endata.com/companies/34663.md) (target)
- [Valmieras stikla skiedra AS](https://endata.com/companies/34664.md) (partner)
- [AS VALMIERAS STIKLA ŠĶIEDRA](https://endata.com/companies/37602.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/10/01/1587800/0/en/valmieras-stikla-%C5%A1%C4%B7iedra-as-concludes-agreement-with-lamtec-corporation.html), 2018-10-01: "The subject of the agreement is 10% of the shares of the company P-D VALMIERA GLASS USA Corp. with total value of 10 000 000 USD."
- [globenewswire.com](https://www.globenewswire.com/news-release/2019/02/26/1742541/0/en/p-d-valmiera-glass-usa-corp-increases-share-capital-by-issuing-new-shares.html), 2019-02-26: "P-D VALMIERA GLASS USA Corp. share capital was increased through issuing 111 new shares... sold those 111 shares... to Lamtec Corporation for the total of USD 10,000,000"

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