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PPG hopes to sell its automotive glass business this yearPittsburgh-based PPG Industries Inc. is again trying to sell its automotive glass business. 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 centres 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 16.06.2008, PPG Industries, Inc. News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.
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