Glass processing company Sezal Glass has sold its float glass business to Saint-Gobain Glass India for 6.86 billion rupees ($152.4 million).
The deal was a slump sale, meaning the company sold its assets and liabilities for a single lump sum without assigning separate values to each. The float glass facility in the state of Gujurat, India has the capacity to product 550 million tons of glass per day.
Sezal sells float unit
Published 1st June, 2011 by Greg Morris
Greg Morris
Glass International Editor
Greg Morris has been editor of Glass International and organiser of the Glassman conferences since 2012, specialising in glass packaging. Prior to this he spent five years working in newspaper journalism.