Page 78 - Glass Machinery Plants & Accessories no. 2/2018

HISTORICAL PRODUCTS
Historical products
GLASS BLOCKS
eves Group, a Triton Fund
III company, recently sold
S its Glass Block Division
Vitrablok to private equity firm
ASC Investment to focus on its
core insulator business: “We are
delighted to have found a suitable
home for this business division,
so that it can continue to grow
profitably in accordance with its
future standalone requirements
and developments. Vitrablok has
been a very valuable part of the
76 glass machinery plants & accessories 2/2018
from ‘humble’ and ‘poor’
building material into
an artistic expression
of light and space
Glass blocks: will architecture
decide to definitely
abandon glass blocks?
In this article, we take a look
at the history of this important
and humble material that
thanks to Seves has become
important for design and for
architecture.
Seves Group for many years. ASC Investment comment-
However, we want to focus in the ed “We are delighted to have
future on our core insulator busi- acquired Vitrablok and will work
ness,” said Peter Baumgartner, closely with the strong manage-
CEO Seves Group. ment team lead by Petr Kralik
“We appreciate the support on the ongoing rejuvenation and
the Seves Group has given us innovation of Vitrablok’s product
for many years and we are now portfolio, as well as in support-
looking forward to the next level ing the company’s international
of development of Vitrablok expansion to further underpin
under the new ownership of ASC Vitrablok’s global leadership in
Investment,” added Petr Kralik, the glass blocks market, both in
CEO of Vitrablok. terms of technology and quality.