NATRIUM advises PPG on sale of its European Fiber Glass Operations to NEG
Natrium Capital Limited is pleased to announce it has advised PPG Industries Inc. (“PPG”) on the sale of its European fiber glass operations to Japanese-based glass manufacturer Nippon Electric Glass Co. Ltd. (“NEG”).
Manufacturing facilities in Hoogezand, Netherlands, and Wigan, England, and a research-and-development facility in Hoogezand were included in the transaction. In 2015, sales for PPG’s European fiber glass operations were approximately $150 million.
The European fiber glass operations manufacture reinforcement materials for thermoset and thermoplastic composite applications. They serve the transportation, energy, infrastructure and consumer markets.
Natrium Capital Limited acted as sole financial advisor to PPG in connection with this transaction.
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 130 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $14.8 billion in 2015. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
About Natrium Capital
Natrium Capital is a corporate finance boutique specialising in the chemical, material, biotechnology and clean technology industries. Natrium Capital offers high level strategic and M&A (Mergers and Acquisitions) execution advice and has a wealth of experience in investment banking and corporate finance. Natrium Capital advises clients in Europe, North America, Latin America and Asia, especially India. Natrium Capital was set up by Alasdair Nisbet in 2012.