Proposed Sale Of Miroiterie Hirtz From Glaverbel To Flabeg

Date: 19 January 2007

Glaverbel and Flabeg have just signed a Letter of Intent according to which Glaverbel intends to sell its production of automotive mirrors to the German group Flabeg, which specialises in this activity.

The transaction would cover the main Miroiterie Hirtz production site and headquarters at Sarrewerden (France), together with processing units in the UK (Bradley Glass), Italy (Vetrerie Hirtz), Spain (Guardiola) and the Czech Republic (Mirocar). Altogether the activity employs around 500 people.

Flabeg will assure the continuity of this activity, which will benefit from important industrial and geographical synergies in a highly specialised and competitive industry. The Miroiterie Hirtz geographical locations complement those of Flabeg, which is present in Europe, North & South America and China.

Flabeg

Flabeg is an independent company specialized in glass processing activities for automotive mirrors, automotive interior, solar thermal applications and technical glass. It is headquartered in Nuernberg, Germany, with subsidiaries in the US, Brasil, China and the UK. Flabeg currently employs around 1200 people.

600450

Glaverbel

2007-01-19T12:00:00

Proposed Sale Of Miroiterie Hirtz From Glaverbel To Flabeg glassonweb.com

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