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
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

Others also read

NSG Group announced today it has selected a location for its new glass production facility in the United States.
Laser glass processing specialist 4JET microtech is now offering a turnkey solution for high-volume precision cutting of technical glass.
The handling of thin and ultra-thin glass between individual production steps is a real challenge.
Spacer materials are constantly optimized and changed e.g. to further improve the psi values. To keep pace with the latest requirements, LiSEC completely redesigned the BSV-B45NK bending machine.
Unelko offers Quality, Performance & Value with Innovative Invisible Shield® PRO 15 & REPEL® Glass Coatings!
Deceuninck North America’s Revolution XL™ Tilt & Turn window is now a certified Passive House Component, representing the global pinnacle of high-performance sustainability.

From industry

NEWS RELATED PRODUCTS

Add new comment