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

Registration for the third installment of the Leadership Development Program from the Fenestration and Glazing Industry Alliance (FGIA) is now open, with the first session taking place in January.
VITRUM President Dino Zandonella Necca commented on the position made public by GIMAV.
Commenting on the position sent to all its members and published on the association’s website, GIMAV President Michele Gusti clarified: “regretfully, at a time like this, we must tell it like it is”
Plan to attend these additional sponsored sessions at the Virtual Conference on Glass Problems. There is no additional charge for attendees.
An Architect stands proudly behind shaping a better world through Architecture and Interior Design. Let us delve into the brilliance of Architects and their designs that build the present and define the future.
In Schiatti, the first digital event of the company took place.

Add new comment

From industry