Stoelzle Glass Group acquires Anchor Hocking’s Monaca glass plant in the US
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The Austrian based glassmaker is taking its first steps on the North American market with the acquisition of
With total of 3100 employees, Stoelzle Glass Group already operates six glass production sites and three decoration sites throughout Europe to serve international customers in four business units: pharmaceuticals, perfumery and cosmetics, spirits, and consumer. The Monaca factory is
Stoelzle’s first plant in the United States and the first outside Europe.
Investment and modernization plans
The transaction followed a comprehensive sales process that closed on March 1st, 2021. Financial details and potential impact on production or workforce have not been disclosed. However, the Stoelzle group said it planned to bundle its experts and specialists together with an investment and modernisation programme in the next years to secure sustainable growth.