Glaston negotiating the sale of its pre-processing business in USA and Canada

Glaston negotiating the sale of its pre-processing business in USA and Canada
Photo source
www.glaston.net
Glaston has started negotiations on the sale of its pre-processing business in USA and Canada to the Italian company Bavelloni SpA.

In the same context, negotiations will take place on Glaston continuing as a reseller in Mexico, Brazil and Singapore.

The negotiations are expected to be completed by 31 March 2017. Net sales of pre-processing business in USA and Canada were approximately EUR 4.9 million in 2016.

Glaston acquired the Italian company Z. Bavelloni SpA, which specialised in pre-processing operations, in 2003 and the company was sold to its local management in 2015.

In connection with the sale, it was agreed that Glaston would continue to distribute and service pre-processing machines in areas agreed with the buyer.

600450 Glaston negotiating the sale of its pre-processing business in USA and Canada glassonweb.com
Date: 28 February 2017
Source: www.glaston.net

Others also read

Smart connectivity and cutting-edge technology.
Jorma Vitkala, Chairman of GPD, tell us what makes this year’s event so special. Why is this a not-to-be-missed glass industry milestone?
This release is a summary of Glaston Corporation's Interim Report for January-March 2017. The complete report is attached to this release as a pdf-file.

From industry

NEWS RELATED PRODUCTS

Fratelli Pezza Srl
Officina Meccanica Schiatti Angelo S.r.l.
Fratelli Pezza Srl
Mappi International Srl
Officina Meccanica Schiatti Angelo S.r.l.

Add new comment