Triplex Sold

Five years ago Triplex Safety Glass Co., Ltd. of Great Britain organized an affiliate in the U. S. Last week the U. S. company planned to sell its patent rights, also most of its assets, to Libbey-Owens-Ford Glass Co. for L-O-F stock worth about $170,000 plus $25,000 cash to pay for liquidation, plus an unstated sum for some of the Triplex inventory. The large Triplex plant at Clifton, N. J., will be resold to Pittsburgh Plate Glass Co. which will be given manufacturing licenses, will share Triplex's big Ford windshield contract with Libbey-Owens-Ford. Triplex agreed to remain out of the flat--and laminated--glass field for five years, retains the right to keep any damages that might be awarded to Triplex if its suits for patent infringement against Pittsburgh Plate Glass should be won.

Another recent Libbey-Owens-Ford buy was the glass division of General Motors, resulting in Libbey-Owens-Ford getting a seven-year G-M contract (TIME, June 29).

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