Grenzebach to acquire CNUD EFCO GFT

October 26, 2019, the Grenzebach Group announced that it has agreed with the BMT Group to acquire its float glass engineering division CNUD EFCO GFT

CNUD EFCO GFT is well known in the glass market as one of the leading annealing lehrs and tin bath solutions providers including accessories with a global presence and locations in Belgium, Germany, Romania and China. Besides the glass business where CNUD EFCO GFT has worked on more than 300 float glass production lines, the company is active in the metal construction business with its manufacturing site in Romania.

“We have many times built our cold end glass production line alongside CNUD’s tin baths and annealing lehrs in the past and we could clearly see that our two companies share the same passion for technology and quality”, said Egbert Wenninger, Senior Vice President, Business Unit Glass at Grenzebach.

“Grenzebach has an outstanding image and position in the market which will provide excellent possibilities to strengthen and grow our business even further. Together we can serve our global customer base better and offer integrated solutions instead of separated delivery shares”, stated Robert Lamy, Chief Sales Officer at CNUD EFCO GFT.

Dennis Schattauer, CEO of GFT GmbH, added, “After joining forces with CNUD EFCO in 2017 we are very glad that with Grenzebach the leading supplier for the global glass production industry is completing the scope of supplies. Together we are a unique partner for our customers.”

Tin bath and annealing lehrs are strategic and highly complementary additions to Grenzebach’s float glass know-how and product portfolio. Ranging from the tin bath to the cold end line to transporting finished goods to the warehouse, Grenzebach can now deliver an increased scope of supply. Customers not only benefit from synergies in design, co-developing and planning integrated production lines as well as a seamless execution of projects but also from advanced analytics possibilities. “We want to emphasize and further strengthen our position as technology and market leader in the global float glass industry. With our own digitalization platform SERICY we are already able to offer added digital value for our customers. By extending our services, we will now be able to analyze end-to-end processes and provide recommendations based on closed loop algorithms. The digitalization of float glass production lines is one of the key drivers in the glass industry”, explained Renato Luck, CEO of the Grenzebach Group.

“We are impressed by CNUD’s know-how and experience regarding the thermal treatment of glass which will help us to transfer the results of our inspection systems into recommended adjustments of the production process. The complexity of a float glass line has increased significantly. We have seen more and more demand for more sophisticated services, and we will be able to provide a profound offering for this demand”, continued Egbert Wenninger.

Combining the know-how and experience of CNUD EFCO GFT and Grenzebach and enhancing it with gathered digital data gives the customer a perfect basis for decision making in the glass production. Moreover, Grenzebach will be able to provide customers with equipment, services and solutions from a single source which results in improved customer value.

The transaction is expected to close in the fourth quarter subject to regulatory approvals, as well as certain other customary conditions. The technology of CNUD EFCO GFT will be integrated into Grenzebach’s Glass Business Unit.

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