The deal will see AGC sell all three of its plants in Kansas, Tennessee and Virginia, which altogether has three flat glass furnaces and two coaters.
AGC said it has strived for improvements of the profitability and asset efficiency of its architectural glass business which have been designated as one of the AGC Group’s priority issues.
AGC said it would create further growth opportunities by transferring its North American architectural glass business to Cardinal Glass Industries.
AGC said it has had business trading experience with Cardinal in the past and is expected to make the most effective use of AGC’s assets and personnel.
Cardinal Glass Industries is based in Minnesota and is a manufacturer and supplier of window and door glass for residential use in the United States.