Riou Glass, who specialise in insulative glazing with high energy and environmental performance, have acquired a majority stake in Belgian holding company Glass Invest, who own Euroglas-De Landtsheer; Safetyglass, and Industrial Glass Processing. The objective of the buy-in is to create industrial and commercial synergies between the two glassmakers in France and Belgium.
Created in 1964, Glass Invest are a major processor of flat glass, specialising in tempered and laminated products for the likes of doors; partitions, and shower screens; and associated accessories for the construction and decoration sectors. They have grown by dint of Euroglas-De Landtsheer’s purchase of Safetyglass in 2006, then of IGP at the end of 2017. Euroglas-De Landtsheer now achieve a consolidated turnover of more than €31m (2021) and have 160 employees.
The objective of the two glassmakers joining is to achieve industrial and commercial synergies to develop their respective activities, in particular through the marketing of the Riou Glass range in Belgium and the tempered and laminated glass offer in France. Riou president Christine Riou Feron says “With Euroglas, we share family values and industrial know-how that is both common and complementary. This meeting between our two companies will allow us to co-build the future together, by learning from each other’s best practices”.
