AGP Group announces minority investment from Goldman Sachs

AGP Group announces minority investment from Goldman Sachs
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agpglass.com
AGP Group raises growth capital to further its global expansion plan and strengthen its technology leadership in high-tech glazing solutions for the future of mobility.

AGP, a global leader in state-of-the-art specialty glass production, today announced a minority investment led by Goldman Sachs Private Capital Investing. DBO Partners acted as financial advisor to AGP. The investment follows years of substantial growth in AGP’s core business units (AGP Defense, AGP Security and AGP eGlass), more than tripling the Group’s global revenues over the last five years.

Leveraging over half a century of experience in automotive glazing and a dynamic manufacturing base in South America, AGP is pursuing an expansion plan that will take its industrial capabilities and high-tech R&D closer to its customer base in Europe, North America and Asia. With the support of Goldman Sachs, AGP will materially expand its manufacturing capacity and continue to focus on strengthening its technological capabilities.

“Electric and autonomous mobility is a rapidly growing market and we all stand to benefit from cleaner and safer transportation solutions,” said Arturo Mannheim, CEO of AGP. “We are prepared to contribute our specialty glazing experience to accelerate these developments and are proud to be a part of this revolution. We are excited to partner with Goldman Sachs and contribute to the future of mobility, working closely with Automotive OEMs around the world.”

AGP’s Security and Defense businesses will also benefit from the partnership with Goldman Sachs, strengthening AGP’s bullet-resistant glass and transparent armor leadership worldwide. An expanded manufacturing base and greater portfolio of innovative, high-quality products will be available to customers in the next few years as part of AGP’s long-term strategic plan.

“We are excited to invest in AGP”, said Hillel Moerman, Head of Goldman Sachs’ Private Capital Investing Group, who will also join AGP’s Board of Directors. “The Company’s high-quality products and impressive track record of innovation, especially its utilization of technology to improve safety and comfort, differentiates AGP from its peers.”

The investment and expansion strategy will enable AGP’s customers to fulfill their global product vision through an innovative, dynamic and customer-focused partner.  

600450 AGP Group announces minority investment from Goldman Sachs glassonweb.com

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