Milan, Italy – Fenzi Group SpA (“Fenzi”), a leading chemical company specializing in glass processing solutions, is delighted to announce the acquisition of Thermoseal, a prominent player in the insulated glass (IG) industry.
This strategic move marks a significant milestone for both companies and strengthens Fenzi’s position in the global glass processing market.
Alessandro Fenzi, CEO of Fenzi Group, expressed his enthusiasm about the acquisition, stating, “We welcome Thermoseal to the Fenzi family. Their expertise in IG solutions, particularly the innovative Thermoflex flexible spacer product, complements our global growth strategy.” This acquisition will enable Fenzi Group to expand the reach of Thermoflex and Thermobar, Thermoseal’s cutting-edge product portfolio, to international markets.
Gwain Paterson, Managing Director for Thermoseal, echoed the sentiment, saying, “We are delighted to work with the Fenzi team in the next phase of our company’s growth.” Gwain Paterson will remain as Managing Director and Board member of Thermoseal following the transaction, ensuring a seamless integration and continued excellence in product development and customer service.
The acquisition underscores Fenzi’s dedication to fostering collaboration, innovation, and excellence within the glass industry. By bringing Thermoseal’s advanced IG solutions under the Fenzi umbrella, the combined entity will be better positioned to meet the evolving needs of glass manufacturers and processors worldwide.
“This strategic move enhances our ability to provide our customers with a comprehensive range of high-quality glass processing solutions,” said Alessandro Fenzi. “We are excited to leverage the synergies between our companies and drive further innovation in the industry.”
The Fenzi Group’s acquisition of Thermoseal signifies a significant step forward in the company’s global expansion strategy. By integrating Thermoseal’s expertise and product portfolio, Fenzi Group is poised to deliver even greater value to its customers and strengthen its position as a leading provider of glass processing solutions.
Source:Fenzi Group with additional information added by GlassBalkan
