Bystronic acquires Armatec Vierhaus GmbH

Date: 23 December 2002
Source: Lenhardt
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.

Ulrich Vierhaus, the present owner and Managing Director of Armatec Vierhaus GmbH, is assigning his shares to Bystronic. Mr Vierhaus is to continue managing the affairs of Armatec, which is domiciled in Gunzenhausen, Germany, until a suitable successor has been found. The company, founded in 1983, employs 40 people; in 2001 it achieved a turnover of around EUR 7 million. Commenting on the sale of his shares to Bystronic, Mr Vierhaus said: «With the help of Bystronic's global distribution network Armatec will be able to go on expanding its own international market presence.»

Laminated safety glass is an expanding market, buoyed by higher safety requirements and the relevant safety regulations, as well as a trend towards the diversified use of glass in modern architecture. It is for this reason that Bystronic CEO Rolf Honegger believes there will be no job cuts: «On the contrary; for us the acquisition of a company as renowned as Armatec is an important step towards market leadership. With Armatec's top-quality products we can now offer not only total solutions for insulating glass but also complete solutions for laminated safety glass,» explains Honegger, talking about the takeover.

Bystronic is one of the world's leading one-stop suppliers for the economical, application-engineered manufacture of architectural and automotive glass. The brand is synonymous with lasting customer benefits, reliability and outstanding product quality. As a business unit of the Swiss conglomerate Conzzeta Holding, Bystronic posted sales of CHF 163 million in 2001. The Bystronic Glass Division includes the companies Bystronic Maschinen AG, domiciled in Bützberg, Switzerland, and Lenhardt Maschinenbau GmbH, domiciled in Neuhausen, Germany. Bystronic operates its own companies and branches in Switzerland, Germany, the US and Singapore, and has agencies and representatives worldwide.

600450 Bystronic acquires Armatec Vierhaus GmbH
Date: 23 December 2002
Source: Lenhardt

See more news about:

Others also read

Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
Southwall Technologies Inc. (NASDAQ: SWTX), a global developer, manufacturer and marketer of thin-film coatings for the automotive glass, electronic display and architectural markets, has named Michael E.
UCB reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee.

Add new comment