CNUD-EFCO takes financial participation in GFT

CNUD-EFCO has signed a financial participation agreement with the owners of GFT

The Belgian company CNUD-EFCO International N.V., part of the BMT Group, is announcing its participation in German Glass Float Technology company GFT GmbH. CNUD-EFCO has signed a financial participation agreement with the owners of GFT.

Géraldine Seynaeve, Chief Executive Officer of CNUD-EFCO: “There is high demand within the glass industry for integrated process solutions. As an important technology supplier in this industry, we recognised opportunities in this market situation. By joining forces with GFT, we are strengthening both companies’ leading positions within the glass industry. We will offer proven integrated process solutions, equipment and after-market services from bath to lehr according to the latest expectations of the glass manufacturers in order to control capital investments and realise operational cost reductions,”

Dennis Schattauer, co-owner of GFT: “Combining our undisputed companies’ expertise will give GFT access to CNUD-EFCO and BMT manufacturing capabilities, project management and financial structures and allows us to further invest in the development and delivery of a total solution that improves overall production yield. Our ultimate goal is to combine our experience along with a wider portfolio of innovative technologies within the market. GFT will continue to develop its activities in waste heat recovery and utilities”

Robert Lamy, Chief Commercial Officer of CNUD-EFCO: “Our partners around the world will benefit from our strengthened position and our teams of glass solution experts will enhance support for all of our customers.”

GFT is recognized for implementing improvements in float glass and cover glass production processes and it has several breakthrough innovations and patents to its name.
CNUD-EFCO is a world leader in annealing lehr and tin bath roof and accessories for float, hollow and cellular glass.