Volume 47, Issue 8 - August 2012
According to the Commission, the acquisition is in accordance with the Merger Regulation and AGC, which is controlled by Japan-based Asahi Glass Co., is now able to acquire a “controlling stake” of Interpane.
“The Commission concluded that the proposed transaction would not raise competition concerns because the merged entity would continue to face sufficient competition,” writes the EC in its announcement.
The EC continues, “After reviewing the ‘competitive effects’ of AGC’s recent acquisition in numerous glass markets such as raw float glass, coated glass, laminated glass, sealed units toughened glass, silvered glass, fire resistant glass rolled and wired glass and solar glass, the Commission determined that the proposed merger will not drastically change the glass market structure. Additionally, the merged sector of the companies “would face competitive pressure from a number of credible competitors.”
The pending acquisition originally was announced in December 2011.
Lisec Opens South American Branch
According to the company, Lisec has had a presence in South America with its own facility in the city of Campinas in the Brazilian state of São Paulo.
“We see great potential in the South American market and
have decided to set up a contact partner locally,” says Karl Gruber, head
of the Lisec Group. “We have been active in South America for several
years now, but the opening of Lisec Sudamérica will create completely