Glass and ceramic materials manufacturer SCHOTT AG has announced plans to grow its U.S. business through acquisition.
“Through new acquisitions, SCHOTT expects to further enhance its offering across a broad range of industries and products," said Jens Schulte, the company's chief financial officer. “We have a long and successful track record integrating acquired companies across the globe and we expect the same results from further U.S. investments.”
SCHOTT is seeking to "evaluate closely" companies with sales up to
around €150 million that produce complementary glass types and
composites while offering related services that would add value to its portfolio, particularly those operating in the fields of
pharmacology and electronic packaging, optical components and materials,
lighting components and solutions, and glass powder and fiber.