March 1, 2016—PPG Industries announced on Monday, in connection with LKQ Corporation announcement of its definitive agreement to purchase Pittsburgh Glass Works (PGW), that it will divest its approximately 40 percent minority ownership interest in PGW. LKQ announced that it expects the transaction to close in the second quarter of 2016, subject to primary closing conditions.
“PGW’s sale concludes PPG’s longstanding involvement in the automotive glass industry, as we continue to sharpen our focus on building a growing market position in paint, coatings and specialty materials,” said Michael McGarry, PPG president and chief executive officer.
