SEVES Group sold its Glass Block Division VITRABLOK

SEVES Group sold its Glass Block Division VITRABLOK
Photo source
www.sevesglassblock.com

Date: 25 January 2018

SEVES Group, a Triton Fund III company, sold its Glass Block Division VITRABLOK to private equity firm ASC Investment.

“We are delighted to have found a suitable home for this business division, so that it can continue to grow profitably in accordance with its future standalone requirements and developments. VITRABLOK has been a very valuable part of the SEVES Group for many years. However, we want to focus in the future on our core insulator business,” said Peter Baumgartner, CEO SEVES Group.

“We appreciate the support the SEVES Group has given us for many years and we are now looking forward to the next level of development of VITRABLOK under the new ownership of ASC Investment” added Petr Kralik, CEO of VITRABLOK.

ASC Investment commented “We are delighted to have acquired VITRABLOK and will work closely with the strong management team lead by Petr Kralik on the ongoing rejuvenation and innovation of VITRABLOK’s product portfolio, as well as in supporting the company’s international expansion to further underpin VITRABLOK’s global leadership in the glass blocks market, both in terms of technology and quality. VITRABLOK will be the only independent player in the market, 100% focused on the glass block product.”

600450 SEVES Group sold its Glass Block Division VITRABLOK glassonweb.com

See more news about:

Others also read

How CMS revolutionizes interior design with advanced glass fabrication
The flat glass sector participated in the event with the presence of Jean-Marc Meunier, CEO of AGC Glass Europe, and Bertrand Cazes, Secretary General of both Glass for Europe and Glass Alliance Europe.
Vitro Architectural Glass unveils Sungate ThermL™, a new low-e coating for one-inch IGUs, boosting U-values when combined with Solarban® on the second surface.
In the ever-evolving landscape of sustainable living and energy efficiency, the Glass for Europe manifesto for 2024-2029 emerges as a guiding light towards a greener future.
The European Commission’s Joint Research Centre started the year with the publication of a study on Techno-economic and environmental assessment of construction and demolition waste management in the EU.
OmniDecor’s participation in Maison&Objet Paris 2024 underscores the brand’s unwavering commitment to designing state-of-the-art, environmentally-friendly solutions.

Add new comment

From industry

Via Del Lavoro Snc
64023 Mosciano Sant’Angelo TE
Italy

Via per Monastier, 4
31056 Vallio di Roncade TV
Italy

NEWS RELATED PRODUCTS

Adelio Lattuada S.r.l.
Adelio Lattuada S.r.l.
Adelio Lattuada S.r.l.
Officina Meccanica Schiatti Angelo S.r.l.
Adelio Lattuada S.r.l.
Officina Meccanica Schiatti Angelo S.r.l.