BOC Group sells glass coating unit

BOC Group Plc said on 5 April that it has sold BOC Coating Technology“ glass coating business to German-based Von Ardenne Anlagentechnik. Financial details were not disclosed.
BOC Coating Technology…

BOC Group Plc said on 5 April that it has sold BOC Coating Technology“ glass coating business to German-based Von Ardenne Anlagentechnik. Financial details were not disclosed. BOC Coating Technology, of which the glass coating business is part, is based in Fairfield, California, US, and employs about 120 people. About 70 of the BOC Coating Technology permanent staff will transfer to the new company. Temescal, the other business at the Fairfield facility, will be retained by BOC and will remain at Fairfield for the time being. Von Ardenne has incorporated a new subsidiary company, Von Ardenne Coating Technology, Inc., to acquire the business, which consists of net assets of less than GBP 10 million.