CNUD-EFCO takes financial participation in GFT

CNUD-EFCO HAS SIGNED A FINANCIAL PARTICIPATION AGREEMENT WITH THE OWNERS OF GFT

GFT is a highly reliable partner recognized for implementing improvements in float glass and cover glass production processes. GFT has several breakthrough innovations and patents to its name. CNUD-EFCO is the uncontested world leader in annealing lehr and tin bath roof and accessories for float, hollow and cellular glass.

STRENGTHENING THE CNUD-EFCO AND GFT OFFERING WITHIN THE GLASS INDUSTRY

Géraldine Seynaeve, Chief Executive Officer of CNUD-EFCO: “There is high demand within the glass industry for integrated process solutions. As an important technology supplier in this industry, we recognised opportunities in this market situation. By joining forces with GFT, we are strengthening both companies’ leading positions within the glass industry. We will offer proven integrated process solutions, equipment and after-market services from bath to lehr according to the latest expectations of the glass manufacturers in order to control capital investments and realise operational cost reductions,”

Dennis Schattauer, co-owner of GFT: “Combining our undisputed companies’ expertise will give GFT access to CNUD-EFCO and BMT manufacturing capabilities, project management and financial structures and allows us to further invest in the development and delivery of a total solution that improves overall production yield. Our ultimate goal is to combine our experience along with a wider portfolio of innovative technologies within the market. GFT will continue to develop its activities in waste heat recovery and utilities”

Robert Lamy, Chief Commercial Officer of CNUD-EFCO: “Our partners around the world will benefit from our strengthened position and our teams of glass solution experts will enhance support for all of our customers.”

For other questions please contact:

• Géraldine Seynaeve – Chief Executive Officer CNUD-EFCO: Seynaeve@cnudefco.com
• Robert Lamy – Chief Sales Officer CNUD-EFCO: Lamy@cnudefco.com
• Dennis Schattauer – Co-owner GFT: schattauer@gft-gmbh.org
• Bernhard Katter – Co-founder GFT: katter@gft-gmbh.org