Atlas Holdings LLC completed the acquisition of Carlex Glass America, LLC and Carlex Glass Luxembourg S.A. from Central Glass America, Inc. and Central Glass Co., Ltd..
May 06, 2022
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Atlas Holdings LLC entered into an agreement to acquire Carlex Glass America, LLC and Carlex Glass Luxembourg S.A. from Central Glass America, Inc. and Central Glass Co., Ltd. (TSE:4044) on March 31, 2022. For period ending December 31, 2021, Carlex Glass America had total assets $368.2 million and net assets -$22.9 million; revenue of $400.3 million; Operating profit of -$36.7 million; Net Profit of -$33.3 million and Carlex Glass Luxembourg had total assets 77.3 million ($87.349 million) and net assets of 55.4 million ($62.602 million); revenue of 106.1 million ($120.664 million); Operating profit of 7.4 million ($8.416 million); Net Profit of 7.9 million ($8.984 million). The transaction has been approved by the Central Glass Co., Ltd. Board of Directors. The transaction is subject to approval from the German competition law authority. Christopher M. Zochowski and Bradley A. Noojin of Shearman & Sterling LLP acted as legal advisor to Atlas Holdings LLC. Kevin Georgerian and J. R. Smith of Hunton Andrews Kurth LLP acted as legal advisor for Central Glass Co., Ltd. Hunton Andrews Kurth LLP counsel to Shearman and Sterling LLP and Nishimura & Asahi.
Atlas Holdings LLC completed the acquisition of Carlex Glass America, LLC and Carlex Glass Luxembourg S.A. from Central Glass America, Inc. and Central Glass Co., Ltd. (TSE:4044) on May 7, 2022.
Central Glass Co.,Ltd. is a Japan-based company mainly engaged in manufacturing and sales of glass products and chemical products. The Company operates in two segments. The Glass Products segment is engaged in manufacturing and sales of building glass, automobile glass and glass for electronic materials. The Chemical Products segment is engaged in manufacturing and sales of chemicals, fine chemicals, fertilizers, glass fibers. The Company mainly operates in Japan, North Americas and other areas.
Atlas Holdings LLC completed the acquisition of Carlex Glass America, LLC and Carlex Glass Luxembourg S.A. from Central Glass America, Inc. and Central Glass Co., Ltd..