Glaverbel Group: expansion in Spain in the field of rear-view mirrors

Date: 9 May 2002
Source: Guardian

Date: 9 May 2002

Through the intermediary of its Spanish network, the Glaverbel Group has just acquired an 85% stake in the Guardiola company, specialised in producing mirrors for cars (interior and exterior mirrors, including sunvisor mirrors).

Guardiola has long had commercial relations with Miroiterie Hirtz, a French subsidiary of the Group, which provides it with semi-finished products for further processing to supply the Spanish market. After cutting and fabricating, Guardiola supplies the mirrors to mirror-system manufacturers who assemble the actual rear-view mirrors.

Under the present agreement, Guardiola will benefit directly from the expertise and R&D activities of Glaverbel and Miroiterie Hirtz in the field of mirrors. By acquiring control of Guardiola, Miroiterie Hirtz confirms its position in Spain, the third-largest automobile market in Europe.

The operation remains subject to the approval of the Spanish competition authorities.
600450 Glaverbel Group: expansion in Spain in the field of rear-view mirrors glassonweb.com

See more news about:

Others also read

MORE...

Apogee Q3 results up on architectural glass activities
Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
PPG Names Wulfsohn to European Post
William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Bystronic acquires Armatec Vierhaus GmbH
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
Owens-Brockway Glass Container Closes on Sale of Additional $175 Million Principal of 8-3/4% Senior Secured Notes
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
Pilkington: New home for butterflies
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
UCB Acquires Solutia'a Resins, Additives and Adhesives for $500 Million
UCB reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee.

Add new comment