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AGC, Interpane Enter Into Strategic Alliance

Post Time:Dec 22,2011Classify:Company NewsView:245

 

AGC Glass Europe will take control of 51 percent of German glass manufacturer Interpane, according to a news release issued today by Tokyo-based parent company Asahi Glass Co. (AGC).

 

The two companies, both producers of float glass, will develop mutually complementary processing activities in terms of geographical scope and product specialties. Through the alliance with Interpane, AGC will gain an industrial presence, mainly in the German flat glass market, and aim to strengthen its position in glass coatings by offering new glass functions in building, solar and automotive applications.

 

The closing of the transaction is subject to customary merger control clearance by the relevant competition authorities, according to the release.

 

Source: http://www.usgnn.comAuthor: shangyi

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