Alu Pro and Ensinger Exclusive Negotiations

Alu Pro and Ensinger Exclusive Negotiations
Photo source
www.fenzigroup.com

Date: 12 July 2019

Transfer of Thermix® insulating glass spacers business.

Alu Pro and Ensinger are pleased to announce that they have entered into exclusive negotiations for the transfer of Thermix® insulating glass spacers business to Alu Pro. Closing of the transaction is expected to complete as soon as possible, subject to customary closing conditions and regulatory approvals.

Alessandro Fenzi, CEO of Fenzi Group, has declared: “We are very excited of enlarging our product range with a further high performance spacer. We have been impressed with Ensinger technological expertise and the Thermix know how will be a great addition to our company”.

Roland Reber, Managing Director of Ensinger, commented: “We are happy to have found a partner who is very committed to the future and the growth of Thermix. The sale of this division will enable us to concentrate more on Ensinger’s core business areas."

Ensinger has been manufacturing Thermix spacers at its production site in Cham (Bavaria) since 1994. Warm edge insulating glass spacers break the thermal bridge effect at windows and reduce the energy required for air conditioning in rooms.

The Fenzi Group is the worldwide leader in chemicals for the glass processing industry. The Group was founded in Milan in 1941, where it still has its headquarter, and now has eleven factories in strategic markets across the continents, delivering high quality mirror backing paints, IG sealants and spacers, decorative glass paints. Alu Pro, one of the main companies of the Group, is specialized in the production of innovative warm edge spacers, offering to the customers the widest range of technologies for high-performance insulating glass.
fenzigroup.com

The Ensinger Group is engaged in the development, manufacture and sale of compounds, semi-finished materials, composites, technical parts and profiles made of engineering and high-performance plastics. To process the thermoplastic polymers, Ensinger uses a wide range of production techniques, such as extrusion, machining, injection moulding, casting, sintering and pressing. With a total of 2,500 employees at 33 locations, the family-owned enterprise is represented worldwide in all major industrial regions with manufacturing facilities or sales offices.
ensingerplastics.com

600450 Alu Pro and Ensinger Exclusive Negotiations glassonweb.com

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