USA: PPG Auto Glass in Operation, Management Team in Place
Apogee Enterprises, Inc. of Minneapolis (Nasdaq: APOG) and PPG Industries of Pittsburgh (NYSE: PPG) have completed the previously announced combination of their U.S. automotive replacement glass distribution businesses. The new venture, PPG Auto Glass, began operation today with more than 1,200 employees from PPG and Apogee's former auto replacement glass distribution units. PPG owns 66 percent and Apogee 34 percent of the new Pittsburgh-based entity.
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