Mexico-based glass manufacturer Vitro signed a definitive agreement to acquire the Pittsburgh Glass Works LLC (PGW) automotive Original Equipment Manufacturer (OEM) glass business from LKQ Corp. for approximately $310 million.

“We are pleased to have reached this agreement, our second acquisition in the year, which is complementary to the recent acquisition of the construction glass business from PPG,” says Adrián Sada González, chairperson of Vitro’s board of directors.

Prior to closing, LKQ will spin off and retain the aftermarket glass distribution business, which will not be part of the transaction, according to Vitro. The acquisition will be funded with $80 million cash and a $230 million loan from BBVA Bancomer.

Vitro is acquiring seven manufacturing plants, two satellite facilities and two float glass furnaces in the United States, as well as one manufacturing plant in Poland and an equity share in two joint ventures located in North America and China. On a pro forma basis, based on fiscal year 2015 figures, this transaction together with the recent acquisition of the PPG architectural flat glass business would have resulted in sales and EBITDA of $2.2 billion and $378 million, respectively.