An agreement has been signed concerning the acquisition by NSG Corporation of Saint-Gobain’s total stake in Flovetro.
The company, which operates one float glass line in San Salvo, Italy, has been jointly held 50-50 by the two groups since 1976. The transfer, which will make Flovetro a wholly-owned business of NSG, follows Saint-Gobain’s upgrade of its Pisa, Italy facility in 2011.