Belgium“s Glaverbel and the German group Flabeg said 18 January 2007 that they have signed a Letter of Intent on the sale of Glaverbel“s Miroiterie Hirtz automotive mirrors business to Flabeg, which…
Belgium“s Glaverbel and the German group Flabeg said 18 January 2007 that they have signed a Letter of Intent on the sale of Glaverbel“s Miroiterie Hirtz automotive mirrors business to Flabeg, which specializes 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). The business employs around 500 people. Flabeg will assure the continuity of this activity, which will benefit from significant 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 and South America and China.