Kohlberg & Co. Rep Says That LYNX is Not Up for Sale
October 8, 2010
Private-equity firm Kohlberg & Co., which holds the majority stake in Pittsburgh Glass Works (PGW), has denied Internet speculation that LYNX Services (a part of PGW) is for sale.
“There is no part of Pittsburgh Glass Works that is for sale at this stage,” Kohlberg partner Evan Wildstein advised glassBYTEs.com™/AGRR magazine this afternoon.
Kohlberg and Co. gained the majority ownership of PGW in July 2008 when former owners PPG Industries divested its auto glass business, retaining only a 40 percent minority interest in the company. The PPG auto glass business was re-named Pittsburgh Glass Works shortly after.
At press time, PGW spokesperson Robert McCullough had not responded to requests for comment.
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