Helsinki, Finland, 2017-02-28 08:30 CET (GLOBE NEWSWIRE) --
GLASTON CORPORATION PRESS RELEASE 28 February 2017 at 9.30
Glaston negotiating the sale of its pre-processing business in USA and Canada
Glaston has started negotiations on the sale of its pre-processing business in USA and Canada to the Italian company Bavelloni SpA. In the same context, negotiations will take place on Glaston continuing as a reseller in Mexico, Brazil and Singapore. The negotiations are expected to be completed by 31 March 2017. Net sales of pre-processing business in USA and Canada were approximately EUR 4.9 million in 2016.
Glaston acquired the Italian company Z. Bavelloni SpA, which specialised in pre-processing operations, in 2003 and the company was sold to its local management in 2015. In connection with the sale, it was agreed that Glaston would continue to distribute and service pre-processing machines in areas agreed with the buyer.
For further information, please contact:
Taina Tirkkonen
General Counsel, SVP Human Resources, + 358 10 500 6934
Artturi Mäki
SVP, Services. + 358 10 500 5040
GLASTON CORPORATION
Agneta Selroos
Communications Director
Tel. +358 10 500 6105
Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide high-quality heat treatment machines and services for architectural, solar, appliance and automotive applications. We are committed to our customers’ success over the entire lifecycle of our offering. Moreover, we continuously innovate and develop technologies to enable the glass processing industry to reach ever higher standards in quality and safety. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd. Further information is available at www.glaston.net