Date: 30 August 2007
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.
www.vitro.com
2007-08-30T13:00:00
Vitro Transaction to Increase Ownership Stake in Vitro AFG to 100 Percent has been approved by the Mexican Federal Antitrust Authorities
glassonweb.com 
Add new comment