Saint-Gobain buys Romanian Pietta Glass

Saint-Gobain buys Romanian Pietta Glass
Photo source
Pietta Glass
Saint-Gobain, the France-based producer, processor and distributor of construction and high-performance materials and packaging, has taken over Romanian company Pietta Glass for an undisclosed sum.

“The Flat Glass business is already established in Romania with a float glass plant and a coater. This acquisition will allow the Group to expand the business’ industrial footprint in order to better serve the growing façade markets and round out its positioning in industrial applications with an optimized cost base. The transaction is consistent with the Group’s strategy of expanding its range of downstream products towards high value-added solutions,” said the company in a statement.

Pietta Glass is set to register sales of around EUR 20 million this year and the company has potential to further improve its turnover in the next years. The company had 453 employees in 2015.

Pietta Glass Working was created in 2000, in Prahova county, as a continuation of the business of Italian family Pietta that has been working in the glass industry in the past 40 years.

Law firm Popovici Nitu Stoica & Asociatii and UniCredit Bank assisted Pietta Glass on the sale, while Zamfirescu Racoti & Partners worked for Saint-Gobain.

Saint-Gobain has 10 production units in Romania, within seven industrial sites. The company has 800 employees in the country.

Globally, Saint-Gobain recorded sales of EUR 39.6 billion last year and employed more than 170,000 people.   

600450 Saint-Gobain buys Romanian Pietta Glass glassonweb.com

Others also read

For successfully process extra Jumbo size, the Coupling Press has been upgraded with many new features to ensure high processing quality. 
For homeowners considering renovating or redecorating their homes, it is becoming increasingly important to consider that their home is not only cosy and comfortable but also eco-friendly.
In years gone by, if you’d wanted to install a secure fire-rated glass door you would probably have had to make sacrifices in the areas of design and aesthetics. Fortunately, as we move into the 2020’s, this is no longer the case.
The American Architectural Manufacturers Association (AAMA) announced future 2019 and 2020 conference dates and locations, currently available on the AAMA Events web page.
In cooperation with universal laminators, Ashton Industrial is introducing a new range of protective film application machines.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000
China

10924 Granite Street, Suite 200
Charlotte, NC 28273
United States

40 Corniche El-Nil,
Al Sharafain Tower Maadi,
Cairo Governorate
11728
Egypt

Schaliënhoevedreef 20-D,
2800 Mechelen
Belgium

Polígono Industrial El Bayo, parcela I, 19
24492 Cubillos del Sil León
Spain

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul
Turkey

Add new comment