Crescent Capital acquired Viridian Glass from CSR for A$155m.

Private equity firm Crescent Capital acquired Viridian Glass from CSR, a major Australian industrial company, for A$155m. Viridian operates the only float glass manufacturing line in Australia and New Zealand as well as downstream glass processing operations. CSR Managing Director Rob Sindel said, “Viridian’s float glass and processing businesses supply customers including glass processors and fabricators which operate separately from CSR’s other building products businesses. This transaction will enable Viridian to align its footprint and cost structure to operate more effectively as a standalone business.”