CSR to buy glass company for $175m

CSR Ltd will pay $175 million to acquire another glass maker, as it builds up its glass operations to cash in on the material's rising popularity in architectural design and energy efficiency benefits.

The acquisition of Mathieson & Staff Glass Pty Ltd (DMS) a privately owned Victoria-based glass processor and distributor, follows the building material and sugar producer's purchase of glass company Pilkington Australasia for $690 million in June.

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