LKQ Corp. (LKQ) Tops Q4 EPS by 1c

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LKQ Corporation (LKQ) to Acquire Pittsburgh Glass Works; Deal Valued at $635M

February 29, 2016 7:02 AM EST

LKQ Corporation (Nasdaq: LKQ) announced that it has signed a definitive agreement to acquire Pittsburgh Glass Works LLC (PGW) from private equity firm Kohlberg & Company LLC (Kohlberg) and PPG Industries, Inc. (PPG) for an enterprise value of $635 million. PGW is a leading global distributor and manufacturer of automotive glass products. PGWs business comprises wholesale and retail distribution services, automotive glass manufacturing, and retailer alliance partnerships. PGW operates approximately 120 distribution branches serving over 7,000 automotive glass retailer shops across North America. In addition, PGW operates 12 automotive glass fabrication facilities in North America, Europe and China.

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