Completed · Latvia · Chemicals and materials
Apogee acquires GroGlass.
Apogee Enterprises, based in Minneapolis, Minnesota, completed its acquisition of GroGlass, a maker of anti-reflective and other coated glass for display, architectural and technical uses based in Riga, Latvia, on 18 September 2026. Apogee bought the holding company SIA Alzette and its subsidiaries under a share purchase agreement signed and announced on 2 September 2026. The deal completed on 18 September 2026.
SigningDay 100
Signing 2 September 2026 · Day 100 on 27 December 2026
- Buyer
- Apogee Enterprises, Inc. ·Minneapolis, United States
- Target
- SIA GroGlass (held through SIA Alzette) ·Riga, Latvia
- Type
- Acquisition
- Announced
- 2 September 2026
- Signed
- 2 September 2026
- Completed
- 18 September 2026
- Value
- about EUR 62.5 million including contingent consideration of
- People
- Not stated in the release
- Last checked
- 28 October 2026
The people side in Latvia
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
- In an asset deal, staff move on their existing terms, and the transfer alone is no ground for dismissal. Acquired Rights Directive (Council Directive 2001/23/EC), articles 3 and 4
- In an asset or business transfer, seller and buyer each inform their staff representatives in good time of the date, reasons, implications and planned measures, and consult on those measures. Acquired Rights Directive (Council Directive 2001/23/EC), article 7
- Depending on the country, undertakings with 50 or more employees, or establishments with 20 or more, inform and consult employee representatives on decisions likely to change work organisation or contractual relations substantially. Information and Consultation Directive (Directive 2002/14/EC), articles 3 and 4
Sources
More deals into LatviaMore deals by buyers from the United StatesChemicals and materials dealsSeptember 2026
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