Sale of the business of THERMIX® profile sections for insulating glass.
ALU-PRO and ENSINGER are pleased to announce that they have started exclusive negotiations for the sale of the THERMIX® insulating glass profile sections business to ALU-PRO. The closing of the transaction will be completed as soon as possible, subject to the usual closing conditions and terms and regulatory approvals.
Mr. Alessandro Fenzi, CEO of the FENZI GROUP, said: "We are excited to expand our product range with an additional high-performance profile section. We have been impressed by the technological expertise of ENSINGER and the know-how associated with Thermix® will be a great added value for our Group."
Mr. Roland Reber, Managing Director of ENSINGER, commented: "We are happy to have found a partner that focuses on the future and growth of Thermix®. The sale of this division will allow us focusing more on the business on the main areas of activity of ENSINGER".
The ENSINGER GROUP deals with the development, manufacture, as well as the distribution and sale of compounds, semi-finished products, profile sections and technical components, made of high-performance and construction plastic materials. ENSINGER uses various production processes for this purpose, including, above all, extrusion, mechanical processing and injection moulding. With a total of 2,500 employees divided between 33 locations, the Company is present with production plants or representations in many industrial regions of the world.
ENSINGER has been manufacturing Thermix® spacer profile sections in the Cham (Bavaria) production plant since 1994. The warm edge profile sections for insulating glass eliminate the thermal bridge at the level of the windows and contribute to significant savings in terms of energy and heating costs.
The FENZI GROUP is a world leader in chemistry for the second glass processing. Established in Milan in 1941, where the Group maintains its headquarters today it has eleven factories in strategic markets distributed all over the world, able to manufacture and supply paints for mirrors, sealants and profile sections for insulating glass and decorative paints for glass of the highest quality.
ALU-PRO, the Group's leading partner company, specializes in the manufacture of innovative warm edge profile sections, thus providing its customers the widest range of high-performance insulating glass technologies.