Central Glass Co. Signs Agreement for Purchase of Certain Zeledyne Assets, Including Nashville Manufacturing Plant and Carlite Business

Date: 11 January 2011
Source: Central Glass Co. Ltd.
Japan-based Central Glass Co. Ltd. announced that it has signed a definitive agreement for “the proposed purchase of certain assets owned by Zeledyne LLC.

Among the assets included in the proposed sale are Zeledyne's Nashville, Tenn., plant, which manufactures auto glass for both the OE and aftermarket segments; the Carlite aftermarket replacement glass business, according to a statement from Central Glass.

According to the announcement, the two companies expect the sale to close early this year. Terms of the deal have not been disclosed.

Zeledyne, which previously also produced architectural float glass, exited the commercial glass business in January 2010.

At press time, Zeledyne officials could not be reached for comment.

600450 Central Glass Co. Signs Agreement for Purchase of Certain Zeledyne Assets, Including Nashville Manufacturing Plant and Carlite Business glassonweb.com

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