Freeglass Joint Venture Completely Acquired By Saint-Gobain Sekurit Deutschland

Date: 14 November 2007
Source: Saint Gobain
The joint venture between Saint-Gobain Sekurit Deutschland Beteiligungen GmbH and Schefenacker German HoldCo GmbH has been acquired to 100% of Saint-Gobain Sekurit. freeglass GmbH & Co.

KG has 130 employees and generates a sales volume of around 27 mill. Euro.

With automobile windows made of plastic, freeglass opens up completely new perspectives for automobile designers and car-makers. The company became well-known for its new development of a fixed plastic window for the Smart ForTwo made of scratch-resistant coated polycarbonate, and is today the world market leader for plastic windows.

"freeglass will increasingly supplement our comprehensive product programme and I am confident that we still will develop many more unique designer plastic windows for our customers", said Norbert Bützler, Managing Director of Saint-Gobain Sekurit Deutschland, commenting on the acquisition of the company.

The transaction is still subject to the consent of the responsible competition authorities.

600450 Freeglass Joint Venture Completely Acquired By Saint-Gobain Sekurit Deutschland

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