Ceramic Industry News

Visteon Ends Discussion Of Glass Venture With Pilkington

November 13, 2000
/ Print / Reprints /
ShareMore
/ Text Size+
Visteon Corp. and Pilkington plc have announced that they have amicably ended discussions that would have resulted in the sale of Visteon's glass segment to Pilkington. "We are very disappointed that we could not come to an agreement regarding this venture," said Visteon Chairman and CEO Peter J. Pestillo. "We remain committed to developing an acceptable business solution for our glass operations. The UAW understands Visteon's business equation and has agreed to work with us on finding the best alternative that will protect our customers, our overall business, and our employees." Pilkington plc and Visteon signed a letter of intent in June to explore forming a new glass company. As the two companies progressed through the extensive due diligence process, a number of factors contributed to ending the negotiations.

As a result, Visteon and Pilkington have agreed to withdraw from these discussions effective immediately, as they were unable to reach an acceptable definitive agreement. Visteon remains committed to continuing to supply the highest quality products and best possible service to its automotive and architectural customers, as the corporation determines the best business solution for its glass operations.

Links

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

April 2014 Issue Highlights

Our April 2014 issue is now available!

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI July 2014

2014 July

Our annual Data Book & Buyers' Guide is your best resource for suppliers of materials and equipment for the ceramic, glass, brick and related industries. Check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px