Hegla Group Acquires Majority Stake in Taifin Glass Machinery Oy

The German Hegla Group has signed a sales agreement to purchase 51% of Taifin Glass Machinery Oy. Taifin will conduct its future business under the name Hegla-Taifin Oy.

“We are pleased to have found a young, dynamic and innovative partner company in Taifin, who have already established themselves as leaders in the automotive and architectural glass tempering furnace segment with their high-quality safety glass furnaces and unique press-bending technology,” says Hegla CEO Jochen H. Hesselbach.

Bernhard Hötger, COO of the Hegla Group, says he is looking forward to this partnership with the new team at Taifin and reported that many of Hegla’s customers have asked the company to provide integrated solutions and optimized logistics for smart glass placement on furnace racks as part of their projects.

The founders and owners of Taifin Oy, Esa Lammi, Jukka Sääksi and Jarno Nieminen, will continue to actively manage and further develop Hegla-Taifin as managing directors and shareholders.

“Up until now, we have been perceived as a manufacturer of extremely high-quality safety glass furnaces with cutting-edge technology, primarily for the automotive sector. Through our partnership with the Hegla Group, we will now be able to offer our expertise directly to architectural glass customers,” says Nieminen.

Renolit, RKW Complete Ownership Change

JM Holding GmbH, the parent company of Renolit and RKW, has completed the change of ownership structure in a deal that closed in July. The changes include the redistribution among family owners, which became effective October 1.

The results of the reorganization are that Fischer, Lang and Helms family members acquired all the shares in JM Holding GmbH and therefore also in Renolit, while the Müller and de Alvear family members received 100% of the shares in RKW. “We are happy that we have set Renolit on this important course and completed the generation change for its owners, thereby securing the long-term development of the company within the
ownership of the family,” says Anja Fischer, Christiane Helms and Andreas Lang as the representatives for both shareholder families.

“We are convinced that the new ownership structure offers the best conditions for RKW to take the next steps in its development,” says Hansjakob Müller on behalf of RKW’s shareholder families.

Further details of the transaction, particularly the adjustment value amount, were not disclosed.

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