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.
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