Glaston to sell glass Mexican business

  

Glaston Corporation has signed an agreement to divest its pre-processing business in Mexico to Italy’s Bavelloni. 

The divested business’ net sales for January-September 2019 were €2 million and it has had a slightly positive EBITA impact. 

With the aim to focus on one of its core technologies, Heat Treatment, Glaston divested its pre-processing business in Italy in 2015. 

In 2016 the pre-processing businesses in USA and Canada were divested and in 2018 the Group’s Tools business in Italy was sold and the joint venture discontinued in China. 

The remaining share of the pre-processing and tools businesses will continue as is, as distribution agreements for Bavelloni’s pre-processing products and tools in Brazil and Singapore remain in force. 

Glaston will continue its sales and services in Mexico through its units in Americas supported by Bavelloni Mexico regarding heat treatment projects.


Most Read | 7 Days

Most Read | 14 Days

Most Read | 30 days