Saint-Gobain divests its glass processing business in Switzerland

Saint-Gobain divests its glass processing business in Switzerland
Photo source
Saint-Gobain Glass

Date: 31 March 2023

Saint-Gobain has signed a binding agreement for the sale of its glass processing business Glassolutions in Switzerland to the privately-owned German group AEQUITA.

The business generated sales of around €25 million in 2022 and employs approximately 70 people at its production site in Kreuzlingen.

This transaction, expected to close by the end of May 2023, is part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow & Impact" strategic plan. 

600450 Saint-Gobain divests its glass processing business in Switzerland glassonweb.com

See more news about:

Others also read

GTS has launched a new Sheffield innovation hub offering workspace, expertise and support to help materials and manufacturing innovators grow.
Starting September 1, 2026, Forel North America is relocating its Canadian operations to a new, larger facility in the Greater Toronto Area, in Vaughan, Ontario.
Vitro Architectural Glass is continuing its commitment to glass education, artistic innovation and Pittsburgh’s glassmaking heritage. For the sixth consecutive year, the company will sponsor Pittsburgh Glass Center’s Art on Fire Celebration + Auction, the organization’s signature fundraising event.
The Glass & Glazing Federation (GGF) has announced Clever Bean Accounting as its newest Member Benefit Partner, giving members access to specialist financial expertise designed specifically for businesses operating within the glazing, window, door and home improvement sector.
Christian Decker succeeds Bernhard Hötger as CEO. Bernhard Hötger is set to retire on 30 September 2026.
Saint-Gobain and AGC are joining forces to deploy a world-first, large-scale hybrid electric furnace at Saint-Gobain's Avilés plant in Spain, set to cut CO₂ emissions from flat glass production by around 50%.

Add new comment

From industry