Glaston closes the sale of pre-processing machines business

Glaston Corporation           Stock Exchange release                      1 July 2015 at 10.45

Glaston closes the sale of pre-processing machines business

Glaston Corporation has closed the sale of 100% of the shares of Glaston Italy S.p.A to the local management of Glaston Italy S.p.A. as announced in a stock exchange release on 22 May 2015. Glaston acquired the Italian company Z. Bavelloni Immobiliare S.p.A. in 2003.

The assessments of the impact of the sale remain unchanged and the final impact of the sale will be defined in Glaston Corporation’s Interim Report for January-June 2015, to be published on 6 August 2015. Pre-processing machines have been reported as part of the Machines segment. In the January-June interim report pre-processing machines will be classified as Discontinued Operations.

The sale does not change Glaston’s guidance for 2015.

 

For further information, please contact:
Arto Metsänen, CEO and President, Glaston Corporation, Tel. +358 10 500 500
Sasu Koivumäki, CFO, Glaston Corporation, Tel. +358 10 500 6412

 

GLASTON CORPORATION
Agneta Selroos
Director, Communications and Marketing
Tel. +358 10 500 6105

 

 

Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide high-quality heat treatment machines and services for architectural, solar, appliance and automotive applications. We are committed to our customers’ success over the entire lifecycle of our offering. Moreover, we continuously innovate and develop technologies to enable the glass processing industry to reach ever higher standards in quality and safety. Glaston's shares (GLA1V) are listed on the NASDAQ OMX Helsinki Ltd. in Finland. For more information, please visit: www.glaston.net

Distribution: NASDAQ OMX, key media, www.glaston.net

 

 

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