AEQUITA acquires Saint-Gobain Glassolutions Objekt-Center GmbH, an arm of Saint-Gobain’s German Glassolutions glass processing network. Back in 2019, AEQUITA already acquired Glassolutions Nederland B.V., Saint-Gobain’s Dutch Glassolutions activities, and has since repositioned the business successfully. AEQUITA intends to synergistically develop the two businesses which generate sales of more than EUR 100 million.
Munich, April 2021 – AEQUITA acquires Saint-Gobain Glassolutions Objekt-Center GmbH, comprising the two glass processing sites in Radeburg and Berlin (Döring Glas), which employ around 200 employees. AEQUITA’s Glassolutions Nederland is already one of the two sites’ largest customers and will contribute to the sites’ further growth off the back of its strong project business in the Dutch market. Christoph Himmel, Managing Partner of AEQUITA, comments “We will sustainably increase the competitiveness of the two sites based on an ambitious investment program and see great potential in the successful cooperation with Glassolutions Nederland“.
The origins of the Radeburg site go back to Sächsische Glashütte, founded in 1873. Today, Radeburg produces the complete range of insulating glass units geared towards the commercial property market and is widely perceived as a competent and reliable partner for sophisticated insulating glass facades across international construction projects. The Berlin glass bending company Franz Döring was founded in 1933 and is one of the world’s most recognized specialists for curved architectural glass. Döring’s expertise covers the entire range of curved insulating glass facades.
The acquisition of the two sites is a further example of the successful partnership between Saint-Gobain and AEQUITA, whilst a long-term co-operation was agreed as part of the transaction. Raimund Heinl, CEO Saint-Gobain Germany & Austria, commented „We are pleased to have taken another step in our structural transformation and that we have found a good partner in AEQUITA as the new owner to ensure a sustainable future for the sites and its employees“, Dr. Stephan Kranz, Chairman of the Managing Board of Saint-Gobain Deutsche Glas GmbH, the parent company of the target, added “AEQUITA is characterized by its prudent, long-term investment strategy which was an important criteria for Saint-Gobain’s decision“.
The transaction will complete in May 2021.
AEQUITA is a Munich-based family office investing in special situations including corporate carve-outs, successions, and recovery situations across Europe. With a strong capital base, entrepreneurial expertise and a partnership approach, the team focuses on the acquisition and long-term value enhancement of companies that can benefit from an operational engagement. AEQUITA brings a fresh and sound view to all areas of the business, such as sales development, production optimization and efficiency measures, which can help management to drive sustainable growth. AEQUITA contributes not only the capital, but also the vision, inspiration and operational impetus needed to reach the next stage in the development of its companies and their success stories.