Glas Trösch plans acquisition of Dutch Scheuten Glass group

Glas Trösch plans acquisition of Dutch Scheuten Glass group
Photo source
www.glastroesch.ch

Date: 3 March 2020

Scheuten will continue to focus on its three core-activities in insulating glazing, projects and industrial base-glass.

Swiss family-enterprise Glas Trösch intends to acquire Scheuten International B.V., based in the Netherlands, from the latter‘s current private-equity investor, Value Enhancement Partners.

The take-over is still conditional to approval by the Competition Authority. And the works-council is being consulted as well. The acquisition would comprise the entire Scheuten group, including all affiliated companies in the Netherlands, Germany and Belgium and all their employees. The transaction price remains undisclosed. 
 
Following the acquisition, Glas Troesch will expand its market activities in the BeNeLux region and extend its product-portfolio. “Scheuten is a perfect fit to us” explains Fabian Zwick, Glas Troesch Group’s CEO, and he elaborates: “The company has maintained a strong market-position in its region and offers a very interesting potential for the future”. 
 
The intended acquisition would neither cause any changes in staffing, nor in current activities visa-vis business-partners. Scheuten will continue to focus on its three core-activities in insulating glazing, projects and industrial base-glass. 
 
The management of both groups is looking forward to the new opportunities and synergies that would be created also for their customers.

600450 Glas Trösch plans acquisition of Dutch Scheuten Glass group glassonweb.com

Others also read

RCN Solutions would like to contribute to celebrating the Age of Glass, by launching a new editorial series named “Glass Experiences”.
The Board of Directors of Glaston Corporation has resolved on the share-based incentive plan 2022−2026 for the Group key employees.
A new 290-bed public hospital recently open its doors in Solothurn, Switzerland
NGA has just released its 2021 Annual Report, illustrating the value NGA and its volunteers create for the industry.
From Singapore to Cape Town and Honolulu: Mykita markets its “Made in Berlin” eyewear worldwide and with great success. Glas Trösch is on hand to provide stylish, colourful counters.

Add new comment