The transaction is expected to close in the fourth quarter of 2019 subject to regulatory approvals, as well as other customary conditions.
The technology of CNUD EFCO GFT will be integrated into Grenzebach’s Glass Business Unit.
CNUD EFCO GFT are annealing lehrs and tin bath solutions providers to over 300 float glass production lines in Belgium, Germany, Romania and China.
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.
Egbert Wenninger, Senior Vice President, Business Unit Glass at Grenzebach, said: “We have many times built our cold end glass production line alongside CNUD’s tin baths and annealing lehrs in the past.
“We could clearly see that our two companies share the same passion for technology and quality.”
Renato Luck, CEO of the Grenzebach Group added: “With our own digitalisation platform SERICY we are already able to offer added digital value for our customers.
“By extending our services, we will now be able to analyse end-to-end processes and provide recommendations based on closed loop algorithms.
"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.“