Announcement regarding purchasing 100% of the share capital of the Glass Systems group of companies

On 9th September Press Glass UK Ltd, sister company of Press Glass SA, purchased 100% of the share capital of the Glass Systems group of companies located in the UK.

The group includes Glass Systems Ltd, Glass Systems Direct Ltd, Vizor Tempered Glass Ltd and encompasses the Climate Glass a conservatory roof division.Established in 1989 and mainly supplying the UK residential sector the Glass Systems group is the largest IGU manufacturer in the UK.The Glass Systems group now produces 35,000 m2 of tempered glass and over 50,000 insulated glass units (IGU’s) per week. Working with the current directors and management, the company plans to grow domestic IGU production within the UK to over 65,000 units per week within 2 years.
Announcement (18 September, 2015) - see here

600450 Announcement regarding purchasing 100% of the share capital of the Glass Systems group of companies glassonweb.com

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