AGC to sell its North American architectural glass business

The value of the transaction will be approximately 450 Million USD, the transfer deal is subject to the approval of the related authorities and the earliest closing would be July 2021

AGC Inc. announced that it has decided to sell its North American architectural glass business and reached an agreement with Cardinal Glass Industries.

AGC has concluded that it will create further growth opportunities by transferring the operations of the architectural glass business in North America to Cardinal Glass Industries who had business trading experience with AGC in the past and is expected to make the most effective use of AGC’s assets and personnel.

The plants subject to the business transfer are:

  • Greenland (Tennessee)
  • Spring Hill (Kansas)
  • Abingdon (Virginia)