P-D VALMIERA GLASS USA Corp.

Saint-Gobain Adfors America, Inc. acquired the assets of P-D Valmiera Glass USA Corp., a Georgia-based producer of glass fiber materials, through a bankruptcy court-approved sale. The company had invested over $100 million in two facilities.

P-D VALMIERA GLASS USA Corp., a subsidiary of AS VALMIERAS STIKLA ŠĶIEDA, signed an Asset Purchase Agreement to sell substantially all assets of its Phase I and Phase II operations in Dublin, Georgia to Saint-Gobain Adfors America for $17.5 million, subject to bankruptcy court approval.

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.