Pilkington’s Swiss sell-off

Glassmaker Pilkington has sold its Swiss processing operations to a German company in a £20m-plus deal.Flachglas Wernberg, in which Pilkington’s Japanese parent NSG Group holds a 49 per cent stake, has bought three businesses employing 255 staff.

They will all keep their jobs.

The operations, which process building glass for glaziers and others, will continue to be led by the existing management team. They were deemed "non-core" by NSG.

Read the full story.

600450 Pilkington’s Swiss sell-off glassonweb.com
Date: 22 July 2009
Source: Manchestereveningnews.co.uk

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