Building product company CSR (ASX:CSR) is looking to sell its Viridian Glass business to Crescent Capital Partners for a total cash consideration of approximately $155 million.
This transaction includes the Viridian property site at Dandenong in Victoria.
Viridian operates the only float glass manufacturing line in Australia and New Zealand as well as downstream glass processing operations.
Completion of the sale is expected on 31 January 2019.
Shares in CSR (ASX:CSR) are trading flat at $2.96.