GLASSOLUTIONS sells installation business to focus on glass processing and supply
GLASSOLUTIONS has announced plans to focus on its glass processing and supply services after the sale of the company’s Installation business to private investment firm CoBe Capital for an undisclosed sum.
The activities, assets and employees of GLASSOLUTIONS Installation based at Rotherham, South Yorkshire, will become part of a new company called Façade & Glazing Solutions UK Ltd (FGS) with effect from 1st August 2018. GLASSOLUTIONS is part of the Saint-Gobain group which has decided to divest its interest in the Installation business, which comprises the Contracting, Commercial Glazing and Insurance glazing services working with main contractors, building owners, retailers, and insurance companies.
GLASSOLUTIONS‘ managing director David Kilby, said: “GLASSOLUTIONS is best known for glass processing and distribution across the UK. The business works with a wide spectrum of companies including those who use glass in their own manufacturing processes and companies that install glass. We want Glassolutions to be focused on maintaining supply to these businesses now and in the future.
“The Installation business operates in three completely different sectors to our glass processing & supply business units, and we believe this sale will put that business in a strong position for growth. It will give the new business dedicated focus on making itself even better for its customers.”
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