Hannover Finanz Acquires Saint-Gobain’s Automotive Plastics Division, Freeglass

Hannover Finanz Acquires Saint-Gobain’s Automotive Plastics Division, Freeglass

(IN BRIEF) Hannover Finanz, through its division HF Opportunities GmbH, has acquired Freeglass GmbH & Co. KG, a manufacturer of automotive plastic components, from Saint-Gobain. Freeglass, based in Schwaikheim, Germany, generated nearly €20 million in sales in 2023. The acquisition is part of Hannover Finanz’s strategy to expand in the automotive sector, while Saint-Gobain continues to optimize its business portfolio under its “Grow & Impact” strategic plan.

(PRESS RELEASE) COURBEVOIE, 3-Sep-2024 — /EuropaWire/ — Hannover Finanz, through its division HF Opportunities GmbH, has acquired Freeglass GmbH & Co. KG, a leading manufacturer of exterior plastic components for the automotive industry, from Saint-Gobain. The Freeglass plant, located in Schwaikheim, Germany, has been a key player in the development and production of plastic polymer components since 1998, employing around 120 people and generating nearly €20 million in sales in 2023.

This acquisition aligns with Hannover Finanz’s strategy to expand its portfolio in the automotive sector, leveraging Freeglass’s established expertise in polymer component manufacturing. For Saint-Gobain, the sale marks a continuation of its “Grow & Impact” strategic plan, which focuses on optimizing its business portfolio to drive growth in its core areas.

The transition is expected to bring new opportunities for Freeglass under the ownership of Hannover Finanz, which aims to further develop the company’s capabilities and market reach within the automotive industry.

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain

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SOURCE: Saint-Gobain