Australia’s float producer set for new ownership

CSR Ltd has agreed to sell its Viridian Glass business to Crescent Capital Partners. Viridian operates the only float glass manufacturing line in Australia and New Zealand, as well as downstream glass processing operations. The transaction includes the Viridian site at Dandenong, Victoria, although CSR will retain the property at Ingleburn, NSW, which will be leased by the glassmaker.

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