US investment firm Apollo Global Management announced on 29 September 2026 that funds under its management had completed the acquisition of Japan’s Nippon Sheet Glass (NSG Group). The company has also introduced a new management structure. This was stated in an official announcement by Apollo Global Management.
NSG Group manufactures architectural glass (under the Pilkington brand), automotive glass and solar glass. The transaction involving Apollo Funds and financial institutions is expected to strengthen the Japanese manufacturer’s financial position. This will enable the company to increase investment in its workforce and technology.
Apollo has experience investing in the glass, automotive and industrial sectors. NSG Group plans to draw on this experience and the group’s capabilities to strengthen its business.
“The completion of the transaction marks a new chapter for NSG Group. We could not have achieved this without the understanding and continued support of our shareholders, financial institutions, business partners and employees. We are deeply grateful to each of them. Our company’s expertise, trust, brand and core values, which we have built over more than a century, remain unchanged. We intend to continue developing them. Together, we will make every effort to transform the company and contribute to the development of a sustainable society,” said Munehiro Hosonuma, President and CEO of NSG Group.
Tetsuji Okamoto, Apollo’s Partner and Head of Private Equity for Asia-Pacific, said the firm expects to combine Apollo’s investment expertise with the professional skills of NSG Group’s employees. He also confirmed its intention to work with the Japanese manufacturer’s management.
NSG Group also has links to the Ukrainian glass industry. Pilkington Technology Management Limited, a member of the group, will provide engineering support for the construction of a float glass production line in Ukraine.
NovaSklo Trade has also become the exclusive distributor of Pilkington architectural glass in Ukraine.
In March 2026, Apollo Global Management announced an agreement to acquire NSG Group. At the time, the firm valued the company at approximately US$3.7 billion on an enterprise value basis. The transaction also included the conversion of part of NSG’s debt owed to its main creditors into equity.
Apollo Funds completed the acquisition of Japanese glass manufacturer NSG Group on 29 September 2026
Apollo Funds complete acquisition of Japan’s NSG Group
ID no: 24495
Sep 22, 2026
Sep 15, 2026
