Vitro Transaction to Increase Ownership Stake in Vitro AFG to 100 Percent has been approved by the Mexican Federal Antitrust Authorities

The transaction to acquire in its entirety all the capital stock of the Mexican company Vitro AFG, S.A. de C.V. (Vitro AFG) by Vitro's subsidiary Viméxico, S.A. de C.V. (Viméxico), has been approved by the Mexican Federal Antitrust Authorities.

As announced on July 24, 2007, Vitro exercised its right to purchase its partner AFG Industries Inc. 50% stake for US$6 million. Vitro AFG owns a float glass manufacturing facility located in Mexicali, Baja California, México.

"This transaction will significantly strengthen our market position, as we expecto too further benefit from the dynamic growth of the architectural glass market in México. The addition of this significant manufacturing capacity allows us to serve our customer's requirements and exceed their expectations within México and abroad", said Hugo Lara, President of Vitro's Flat Glass Business Unit.

Further information

600450 Vitro Transaction to Increase Ownership Stake in Vitro AFG to 100 Percent has been approved by the Mexican Federal Antitrust Authorities glassonweb.com

See more news about:

Others also read

Current president Richard Beuke set to retire on March 31, 2019.
Vitro announces that after a distinguished career in the industry, Richard Beuke has taken the decision to retire effective March 31st , 2019.
Vitro Glass-commissioned survey first to gauge general contractors’ demands, expectations of glazing contractors, glass fabricators and glass manufacturers.
Glass with bird-friendly pattern, solar control capabilities help land top building award.
Low-e glass helps maximize performance of unitized curtain wall system.
Architectural paint sales veteran to support architects and glazing contractors in Texas.

From industry

NEWS RELATED PRODUCTS

Vitro Architectural Glass (Formerly PPG Glass)
Vitro Architectural Glass (Formerly PPG Glass)

Add new comment