Bavelloni SpA signed the agreement on the purchase of Glaston pre-processing business in the USA and Canada

Bavelloni SpA signed the agreement on the purchase of Glaston pre-processing business in the USA and Canada
Photo source
www.bavelloni.com

Date: 3 May 2017

Net sales of the USA and Canada pre-processing business were approximately EUR 4.9 million in 2016.

The asset purchase agreement of Glaston’s Glass Pre-Processing business in the USA and Canada was signed on 28th April.

This negotiation with Glaston Corporation started last February; the deal will be finalized in mid-May 2017 and the business will be transferred to Bavelloni SpA at that time.

The new Company, Bavelloni America Inc., based in Greensboro, will be wholly owned by Bavelloni SpA. It will employ 10 people, who will take care of machinery and spare parts sales in North America and provide after-sales services through qualified field technicians.

“We believe this operation will greatly contribute toward strengthening our presence on the local market and improve our business growth,” says Mr. Franco Pirola, Partner and Sales Director of Bavelloni.

In the same context, it was also agreed that Glaston will continue to act as official Bavelloni distributor in Mexico, Brazil and Singapore.

Net sales of the USA and Canada pre-processing business were approximately EUR 4.9 million in 2016.

600450 Bavelloni SpA signed the agreement on the purchase of Glaston pre-processing business in the USA and Canada glassonweb.com

See more news about:

Others also read

Read more about Volframi and watch the interview at Step Change 2023 Base Camp in June.
Read more about the company Peafowl Plasmonics and watch the interview at Step Change 2023 Base Camp in June.
Glaston communicated in its half-year financial report on 1 August 2023, that during the first half of 2023, signs of increasing market uncertainty and more cautious customer behavior were visible.
In the latest Glastory blog post, Riku Färm introduces white haze as a phenomenon in glass tempering and how to break through the fog with automated white haze detection.
In July, Glaston celebrated a special milestone – reaching 40 years of providing services to customers worldwide from their Insulating Glass Services.
Meet Hypermemo and their vision to make the glass industry more sustainable with their own developed and patented laser system.

Add new comment

From industry

NEWS RELATED PRODUCTS

Glaston Corporation
Glaston Corporation
Glaston Corporation
Glaston Corporation
Glaston Corporation