SEVES Group sold its Glass Block Division VITRABLOK

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

Şişecam Group acquires its second flat glass manufacturing facility in Italy
One of the global players of the glass industry, Şişecam Group has completed its acquisition process of Sangalli Vetro Manfredonia facility.
Another device in the POLFLAM machine park
POLFLAM is approaching another technological investment. As soon as in August, the machinery park in the POLFLAM factory will gain a roller to paint strips along the edges of the glass.
Glass Alliance and the Fenzi Group - A competitive edge in the Russian market
A complete range of high-quality products; being able to count on the reliability and experience of a group that has set the standard for the entire world of glass for more than 75 years.
The Second Convention of International Glass Associations wraps up in Murano
The agenda focused on new topics and priorities crucial to the industry's future.
Multitech G - Superior Insulating Ability, Exceedingly Elegant Design
The innovative latest-gen rigid spacer profile engineered by the Glass Alliance labs.
Radaway + Mappi: A partnership for going beyond perfection
This is the story of a love at first sight from Radaway and Mappi.

From industry

Via per Monastier, 4
31056 Vallio di Roncade TV
Italy

NEWS RELATED PRODUCTS

Officina Meccanica Schiatti Angelo S.r.l.
Mappi International Srl
Adelio Lattuada S.r.l.
Officina Meccanica Schiatti Angelo S.r.l.
Officina Meccanica Schiatti Angelo S.r.l.
Officina Meccanica Schiatti Angelo S.r.l.

Add new comment