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.