PITTSBURGH (AP) - June 13, 2008
PPG announced in September that it was selling the businesses to
Beverly Hills, Calif.-based Platinum Equity. But Platinum's
affiliates terminated that $500 million deal. They have since sued
PPG in New York State Supreme Court claiming they don't owe the
company a $25 million termination fee.
PPG's auto glass businesses supply windshields and windows to
automakers and replacement auto glass for the aftermarket.
The businesses have 4,400 employees at plants and centers in
Creighton, Tipton and Meadville in Pennsylvania, as well as Berea,
Ky.; Crestline, Ohio; Evansville, Ind.; Evart, Mich.; Fort Myers,
Fla.; Paducah, Ky.; and Hawkesbury and Oshawa, Ontario.
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