SCHOTT: divestment of Flat Glass operations in North America

SCHOTT AG, a leading international technology group in the areas of specialty glass and glass-ceramics, announced the closing of the divestment of its Flat Glass operations in North America

SCHOTT Corp., together with its JV Partner AGC Flat Glass North America Inc., a subsidiary of AGC Inc., entered into definitive agreements to divest its shares in SCHOTT Gemtron Group to SSW Advanced Technologies LLC, a portfolio company of Trive Capital LLC. The parties agreed not to disclose any transaction details.

SCHOTT Gemtron is specialized in the production and sale of flat glass products mainly for the home appliance industry in North America.