Apogee Enterprises agrees to acquire GroGlass for up to EUR 62.5 million - APOG News | RalliesApogee Enterprises agrees to acquire GroGlass for up to EUR 62.5 million
A
APOG• Apogee agrees to buy GroGlass for up to EUR 62.5 million
- Apogee agreed to buy Latvia-based GroGlass for up to EUR 62.5 million on a cash-free, debt-free basis.
- Price includes up to EUR 10 million in earnouts over three years tied to financial targets.
- Closing targeted for fiscal 2027 third quarter; financing expected from cash on hand and an existing credit facility.
- GroGlass is expected to add about USD 30 million revenue in the first 12 months at roughly 25% adjusted EBITDA margin.
- Integration into the Performance Surfaces segment targets at least USD 4 million of annualized synergies within three years.
•
