SCHOTT Teases U.S. Acquisition Plans
SCHOTT will target companies with sales up to around €150 million (approximately $174.7 million) that are operating in the fields of pharma and electronic packaging, optical components and materials, lighting components and solutions, and glass powder and fiber.
SCHOTT AG recently announced that it has plans to further strengthen its position in North America through targeted acquisitions. “We have a long and successful track record integrating acquired companies,” said Jens Schulte, Ph.D., chief financial officer. “Our activities have seen acquisitions across the globe lead to high value creation, and we expect the same results from further U.S. investments.”
Companies that produce complementary glass types, composites and offer related services that would add value to the SCHOTT portfolio will be evaluated closely, particularly those operating in the fields of pharma and electronic packaging, optical components and materials, lighting components and solutions, and glass powder and fiber. Companies with sales up to around €150 million (approximately $174.7 million) are targeted, and several of such deals are expected to be pursued.
“SCHOTT has invested heavily across its existing seven manufacturing locations, R&D center, and corporate office to ensure customers have access to the very latest innovations in specialty glass and technical ceramic materials,” said Schulte. “Through new acquisitions, SCHOTT expects to further enhance its offering across a broad range of industries and products, ensuring the company continues to make a positive impact on people’s lives through its dedication to continuous growth, improvement and development.”
Additional details are available at www.us.schott.com.