Apogee Enterprises to acquire Groglass owner in €62.5m deal
Apogee Enterprises entered a share purchase agreement to acquire 100% of Alzette, parent of Latvia-based Groglass, for ~€62.5m cash-free, debt-free. Deal includes contingent consideration up to €10m tied to three-year performance targets.
Apogee Enterprises said it has entered into a Share Purchase Agreement to acquire 100% of Alzette, the parent of Latvia-based Groglass, for about €62.5 million on a cash-free, debt-free basis. The transaction also includes up to €10 million in contingent consideration linked to three-year performance targets.