AGC Glass Europe and Interpane have signed an agreement under which AGC will acquire 51% of Interpane. The closing of the transaction is subject to customary merger control clearance by the relevant competition authorities.
AGC Glass Europe and Interpane have announced the signing of an agreement under which AGC will acquire 51% of Interpane.
In addition to both being producers of float glass, the two partners have complementary processing activities in terms of geographical scope and product specialities. Through Interpane, AGC gains an industrial presence, mainly in the German flat glass market, and expects to enlarge its range of coated products. “With this alliance AGC aims to strengthen its position in glass coatings and to grow its industrial footprint, offering new glass functions in building, solar & automotive applications,” confirms Jean-François Heris, CEO of AGC Glass Europe. In search of new markets, Interpane for its part will benefit from the extended network and industrial presence of AGC throughout Europe. “Joining AGC ensures the further development of Interpane through access to enlarged know-how and various market segments, which will enhance our value proposition,” comments Jörn Hesselbach, CEO of Interpane.
The closing of the transaction is subject to customary merger control clearance by the relevant competition authorities.
Based in Brussels, AGC Glass Europe produces, processes and distributes flat glass for the building industry (external glazing and interior decoration), the automotive sector, the solar segment and various specialized industries. It boasts an R&D Centre and some 100 production units spread between Spain and Russia. It employs about 13,000 people. It is the European branch of AGC Glass, the world’s leading producer of flat glass.
Interpane is a leading family owned glass producer and processor founded in 1971 by Georg F. Hesselbach. Headquartered in Lauenförde (Germany), Interpane sells its glass products to the construction and solar markets. It has also developed its own coating technology and equipment. Its activities in Germany, Austria and France employ about 1,300 people.