AGC Glass Europe and Interpane announced on December 21, 2011 the signing of an agreement under which AGC will acquire 51% of Interpane.
In addition to both being producers of float glass, the two partners have complementary processing activities in terms of geographical scope and product specialties. Through Interpane, AGC gains an industrial presence, mainly in the German flat glass market, and expects to enlarge its range of coated products. “With this alliance AGC aims to strengthen its position in glass coatings and to grow its industrial footprint, offering new glass functions in building, solar & automotive applications,” confirms Jean-François Heris, CEO of AGC Glass Europe. In search of new markets, Interpane for its part will benefit from the extended network and industrial presence of AGC throughout Europe. “Joining AGC ensures the further development of Interpane through access to enlarged know-how and various market segments, which will enhance our value proposition,” comments Jörn Hesselbach, CEO of Interpane.
The closing of the transaction is subject to customary merger control clearance by the relevant competition authorities.
