NordGlass specialises in producing windshields for the automotive industry and is a major player in the European aftermarket, with sales of around 1.3 million windshields in 2014. The company employs more than 1,100 people in Europe.
This acquisition is complementary in geographical terms to AGC's existing network of facilities and so will enable it to reinforce its position in Europe.
The acquisition remains subject to approval from the European competition authorities.
The AGC Group strives to further strengthen its market position in the automotive glass business, which is one of the target growth areas for the Group, with the aim of increasing the Group's corporate value under the new management policy AGC plus.
The private equity and venture capital firms in Poland
AGC Automotive Europe:
AGC Automotive Europe, engaged in automotive glass business, is a wholly owned subsidiary of AGC Glass Europe, a consolidated subsidiary of Asahi Glass Co., Ltd. in Belgium.
Junichi Kobayashi, General Manager, Corporate Communications & Investor Relations Asahi Glass Co., Ltd.
(Contact: Kenichi Ishibashi ; Tel: +81-3-3218-5603; E-mail:firstname.lastname@example.org