PPG Industries (NYSE:PPG) agrees to sell its remaining fiberglass operations to Nippon Electric Glass for ~ $545M.

The operations to be sold include manufacturing facilities in Chester, S.C., and Lexington and Shelby, N.C., plus administrative and R&D operations in Shelby and near Pittsburgh, Pa.

PPG already had sold its European fiberglass operations and two Asian fiberglass joint ventures.

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