Apogee Enterprises completes GroGlass acquisition, valued at €62.5 million before earnout
Apogee Enterprises said it completed its acquisition of GroGlass, a Latvian glass coatings business, on September 18, 2026. The deal values GroGlass at approximately €62.5 million on a cash-free, debt-free basis, plus contingent consideration of up to €10 million tied to financial targets over three years after closing.
Key points
- Acquisition closed September 18, 2026, through subsidiary Tiger MergeCo SIA
- Valued at approximately €62.5 million cash-free, debt-free; earnout capped at €10 million over three years
- Funded with available cash and borrowings under the existing revolving credit facility
- Press release puts total value at up to approximately $71.8 million at current exchange rates, including earnout
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing 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 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.