BX · News · 20260914N

PGP Glass Divestiture

Blackstone Inc. · 2026-09-14 · Importance 58 · Surprise 42

Blackstone is reportedly negotiating to sell Indian glass-packaging company PGP Glass to Brookfield for $1.3 billion to $1.5 billion. Blackstone acquired PGP Glass in 2020 and has been seeking an exit after previously exploring an initial public offering. PGP Glass serves the cosmetics, pharmaceutical, and food industries and is a major exporter.