Glaston Corporation to acquire Bystronic glass for €68 million

  

Glaston Corporation has signed an agreement to acquire the Bystronic glass Group.

The globally operating machinery, systems and services provider for the processing of flat glass is currently owned by Swiss industrial holding company Conzzeta.

Bystronic glass has a range of products,complementary to Glaston’s, for the Architectural, Automotive and Display markets.

Glaston said it will now be a major player in the glass machinery business.

It will provide a product range including tempering, bending and laminating through insulating glass manufacturing and glass handling to automotive and display glass pre-processing as well as services.

The closing of the transaction is expected by the end of the first quarter 2019.

Arto Metsänen, President & CEO of Glaston (pictured), said: “I am very pleased to welcome Bystronic glass’s highly professional team to Glaston."