EU – Baltic States, Latvia, Legislation, Markets and Companies, Mergers and take-overs

The contract is valid as of January 1, 2013.

"The purchase of P-D Interglas Technologies Ltd is one of the ways how Valmieras stikla skiedra continues to strengthen and expand the production of fiberglass and its products in the world. We see a strong capability for growth, unifying knowledge, experience and export possibilities of both companies, as well as creating and developing new projects," says Valmieras stikla skiedra Board Chairman Andris Oskars Brutans.

With the purchase of P-D Interglas Technologies Ltd, Valmieras stikla skiedra positions itself as a vertically integrated supplier of different composite materials for the aviation industry – from glass fiber products to impregnated/reinforced fabrics.

P-D Interglas Technologies Ltd has more than 80 years of experience in glass fiber textile processing. The annual turnover of P-D Interglas Technologies Ltd reached EUR 20 million last year and the company employed more than 130 people.