So PPG reached an agreement to sell their glass division to Vitro. The rumors that poked around for such a long time, surfaced publicly last Friday, all came true this morning. I am honestly stunned. Why? Because anyone who has followed the industry has heard a rumor or two that PPG’s glass division would be sold. Candidates from all over the globe were associated with it- but it never happened. Until now. It’s obviously going to be the end of an era. PPG is a major name in the glass industry. As the great John Wheaton asked on Twitter, what will the G stand for in their name now? (My answer- just like ESPN used to mean Entertainment and Sports Programming Network- they dropped that and the initials just stay. Or better example- MTV)
As for going forward- my assumption is the brand names stay (Solarban, Starphire etc) but that's not confirmed yet. (that's crucial from a spec standpoint) UPDATE- I just got this confirmed. Names staying I can’t imagine Vitro doing a deal without those. I don’t see any immediate disruptions in business or people, but I am sure as time goes on things will change. They always do. - Also should note, in deals like this people are a key element.
The rumor mill in our industry by the way is spinning at warp speed. I do think a lot of tire kicking is going on for sure, but for some of the proposed marriages I am being told, I just don’t think they are even close to happening.
So this was just a quick take on some gigantic news. More to follow as the details come out and things sink in.