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In Brief / ACQUISITIONS

PPG to sell unit to Platinum Equity

September 14, 2007|From Times Wire Reports

PPG Industries Inc. agreed to sell its auto-glass businesses to Beverly Hills-based private equity firm Platinum Equity for about $500 million.

The deal will add to Platinum's stable of more than 20 companies. In July, Platinum bought Chicago-based steel distributor Ryerson Inc. for about $1 billion.

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