Post Time：Apr 28,2015Classify:Company NewsView：425
In order to consolidate its ARG activity (automotive replacement glass) in Europe, AGC Automotive Europe is acquiring the NordGlass company (Poland) from Polish Enterprise Fund VI (PEF VI), a private equity fund managed by Enterprise Investors. NordGlass specialises in producing windshields for the automotive industry and is an important player in the European aftermarket, with sales of around 1.3 million windshields in 2014. The company employs more than 1,100 people in Europe.
This acquisition is complementary in geographical terms to AGC's existing network of facilities and so will enable it to expand its operations in Europe.
The acquisition remains subject to approval from the competent competition authorities.
AGC Automotive Europe
Based in Louvain-la-Neuve (Belgium), AGC Automotive Europe is a member of AGC Glass Europe, which in turn is the European branch of AGC Group. The AGC Group, with Tokyo-based Asahi Glass Co., Ltd. at its core, is one of the world’s major suppliers of flat, automotive and display glass, chemicals and other high-tech materials and components. AGC Automotive Europe specialises in production of car glazings for the OEM (Original Equipment Manufacturers) and the aftermarket. For more information go to: www.agc-automotive.com (OEM), www.agc-arg.eu (ARG), www.agc-glass.eu (corporate site) or www.yourglass.com (glass for the construction industry).
Source: AGCAuthor: shangyi
