Apogee to acquire Groglass for up to €62.5 million, expected to close in fiscal Q3 2027
Apogee Enterprises signed a Share Purchase Agreement on September 2, 2026, to acquire 100% of Latvian glass coatings provider Groglass through a newly formed subsidiary. The deal values Groglass at approximately €62.5 million on a cash-free, debt-free basis, including up to €10 million of earnout payments tied to financial targets over three years. The company expects to fund the deal with cash on hand and its existing credit facility, and closing is expected in its fiscal 2027 third quarter.
Key points
- Price: up to €62.5 million (approximately $72.5 million), including up to €10 million (approximately $11.6 million) payable over three years if Groglass meets financial targets
- Groglass is expected to contribute over $30 million in revenue in the first 12 months at an adjusted EBITDA margin of approximately 25%
- Integration plan identifies at least $4 million of annualized cost synergies and operating improvement opportunities, expected within three years
- Closing is subject to customary conditions and is expected in the third quarter of fiscal 2027
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 02, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.