The Austrian glassmaker has announced the appointment of Dr. August Grupp as its incoming CEO. He succeeds Georg Feith, who is transitioning to a new leadership role within CAG Holding, Stoelzle’s mother company, after a five-year tenure.
August Grupp is the son of Dr. Cornelius Grupp, who has owned Stoelzle Glass Group since 1987.
“Dr. August Grupp comes well prepared to his new role, having held several key leadership positions within the group since 2019,” said Stoelzle Glass Group in a.
Stoelzle Glass Group acquires US glass plant
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Stoelzle Glass Group acquires US glass plant
packagingtoday.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from packagingtoday.co.uk Daily Mail and Mail on Sunday newspapers.
Owners plan to “breathe new life into historic Monaca glass factory
MONACA Employees at a storied Beaver County glass plant are looking forward to stability for the first time in decades.
Austrian-based Stoelzle Glass chose Monaca to expand its international presence last month, purchasing the century-old former Phoenix Glass factory from Oneida Group subsidiary Anchor Hocking. It’s the company’s first plant in the United States and seventh worldwide.
Stoelzle is a major player in premier glassware – think whiskey and perfume bottles, and plans to “breathe new life” into a facility that has historically shouldered financial pressures, company acquisitions and even a barrage of structure fires.
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.