AGC takes control of Interpane
By AGC Glass Europe
By AGC Glass Europe
Dec. 26, 2011 – AGC Glass Europe and Interpane today announced the signing of an agreement under which AGC will acquire 51 per cent of Interpane. In addition to both being producers of float glass, the two partners have complementary processing activities in terms of geographical scope and product specialties. Through Interpane, AGC gains an industrial presence, mainly in the German flat glass market, and expects to enlarge its range of coated products.
“With this alliance AGC aims to strengthen its position in glass
coatings and to grow its industrial footprint, offering new glass
functions in building, solar and automotive applications,” Jean-Francois Heris, CEO of AGC Glass Europe, said.
In search of new markets,
Interpane for its part will benefit from the extended network and
industrial presence of AGC throughout Europe. “Joining AGC ensures the
further development of Interpane through access to enlarged know-how and
various market segments, which will enhance our value proposition,” Jorn Hesselbach, CEO of Interpane, commented.
The closing of the transaction is subject to customary merger control clearance by the relevant competition authorities.
Based in Brussels, AGC Glass Europe produces, processes and distributes
flat glass for the building industry (external glazing and interior
decoration), the automotive sector, the solar segment and various
specialized industries. It boasts an R&D Centre and some 100
production units spread between Spain and Russia. It employs about
13,000 people. It is the European branch of AGC Glass, the world’s
leading producer of flat glass.
Interpane is a family-owned glass producer and processor founded
in 1971 by Georg F. Hesselbach. Headquartered in Lauenforde, Germany,
Interpane sells its glass products to the construction and solar
markets. It has also developed its own coating technology and equipment.
Its activities in Germany, Austria and France employ about 1,300