Competition changes end Glaston
– Hegla partnership
3rd December 2019
Glaston Corporation this week announced a mutual decision between its Bystronic Glass subsidiary and Hegla to terminate their cooperation agreement, citing changes in the companies’ competitive positions as the reason for the decision.
The agreement, which was entered into by Bystronic Lenhardt GmbH, Conzzeta AG, Hegla GmbH & Co. KG, and Lewag Holding AG, will be terminated by the end of the year.
The two entered the cooperation agreement in 2012 with the purpose of becoming preferred partners, enabling cooperation in the cross-selling of products for the architectural market as well as making use of each other’s sales and service network.
In a statement issued this week by Glaston, it says the reason for the move is because the two companies’ competitive positions have changed but adds that the cooperation agreement has proved to have limited commercial value.
Swiss-based Bystronic became part of the Glaston Group earlier this year read story.
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