Page 32 - Glass-Technology International no. 4/2017

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Scheuten Glass Holding is ex- SCHEUTEN GLASS HOLDING
pected to be acquired by private
equity investor Value Enhancement TAKE-OVER BY VALUE ENHANCEMENT
Partners (VEP), an actively involved
investor in medium-sized companies PARTNERS EXPECTED
funded by institutional investors. The
Competition Authority yet has to on the three core activities (insulation construction industry is currently
approve the acquisition. The Works glass, projects and base glass). booming, and Scheuten is one of the
Council also has to give its counsel. Donald Eshuis, CEO of Scheuten market leaders in the field of flat glass
With the sale, Scheuten definitively Glass Holding, welcomes the planned in the Netherlands. Due to the good
sets aside old burdens from the past acquisition. “VEP is a practical private perspective and the professionalism
and paves the way for a solid future equity investor and as such a perfectly of the Scheuten team, the company
with an improved financial situation. suited partner for Scheuten. We want- fits perfectly into our portfolio and we
The acquisition concerns the entire ed to remain an independent player in are therefore very pleased with this
company, including all employees and the market, and that is herewith guar- acquisition.”
all subsidiaries in the Netherlands, anteed. At the same time, the refinanc- Scheuten belongs to the top five in-
Belgium and Germany (including ing improves the company’s continuity dependent glass companies in Europe
BGT Bischoff Glastechnik AG and and our opportunities for the future. and supports its customers since
SITEC Produktions GmbH). The We are also looking forward to work- 1950 with a wide range of high-qual-
anticipated sale will therefore as such ing with VEP’s team to further shape ity glass products and in conducting
not affect the workforce, nor the cur- our challenging ambitions.” glass-engineering projects.
rent activities, which will be contin- Chris de Weers, Senior Partner at This acquisition also arranges follow-
ued on the earlier set course, focusing VE Partners, illustrates further: “The up of founder Jacques Scheuten (69).

SAINT-GOBAIN tive and construction sectors.
The new line will meet growing
INVESTMENTS IN THE CONTINUITY domestic demand and supply Central
America, the Caribbean and North
OF IS PLANT AND JOBS America. The investment will re-
inforce Saint-Gobain’s position in
sive talks with the founding families building and automotive glass in
and shareholders of Glava A/S to Mexico.
buy their shares, with the support of The extra capacity will complement
the company’s management. Saint-Gobain’s manufacturing base
Saint-Gobain already owned 17.08% in the region with the Cuautla site
Saint-Gobain has inaugurated its of Glava, which has manufactured already including two floats and
new flat glass (float) production products under an Isover licence their associated lines for mirrors and
plant located in Aniche-Emerchicourt since 1960. laminated glass, one thin-film coater
(North of France). At the leading Saint-Gobain said the acquisition line in operation and another under
edge of glass technologies in France, - which was subject to approval of construction.
the manufacturing equipment has the Norwegian anti-trust authori- This new float line project in Mexico
been completely renovated and ties - would allow it to reinforce its marks a new step in the Group’s
modernized for a total investment position in the Nordics in line with its expansion strategy into high-growth
of EUR 30 million. With an annual strategy. countries.
output of 20 million sq.m., this float NEW FLAT GLASS PLANT Saint-Gobain recently appointed
also emerges strengthened in terms of IN MEXICO Julie Bonamy as VP Corporate
market opportunities: it now produc- Strategy and Planning, replacing
es glass for both the construction and Saint-Gobain is to start up a new Delphine Geny-Stephann, who has
the automotive markets. flat glass (float) production line in been appointed vice president and
Saltillo, Mexico, scheduled to come general manager Silicon Carbide
ACQUISITION OF GLAVA
on stream at the beginning of 2020, and Quartz within the Innovative
Saint-Gobain has entered into exclu- manufacturing glass for the automo- Materials sector.

30 Glass-Technology International 4/2017