Metro Glass crosses Tasman with A$43.1M Aust Glass acquisition

Thu, 11 Aug 2016

By Paul McBeth Aug. 12 (BusinessDesk) - Metro Performance Glass, which holds more than half of New Zealand's glass processing market, has made a move across the Tasman with the purchase of Australian Glass Group for A$43.1 million. The Auckland-based company has agreed to buy the third biggest glass processor in Victoria and New South Wales in a debt-funded acquisition to double the company's bank borrowings to about $100 million, it said in an announcement to the NZX. "AGG’s specific focus areas of detached dwellings and alterations...

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