Tecnoglass in JV deal with Saint-Gobain

BARRANQUILLA, Colombia — Saint-Gobain has reached a joint venture agreement with Tecnoglass, a manufacturer of architectural glass, windows and associated aluminum products for the construction industry. The deal involves the planned purchase by Tecnoglass of a minority ownership interest in Vidrio Andino. A subsidiary of Saint-Gobain, Vidrio Andino has been selling glass in the region since 1997 and began production at its manufacturing facility near Bogotá in 2013, since then becoming Tecnoglass’s main supplier of float glass. The JV will boost Tecnoglass’ vertical integration strategy by giving the company a stake in one of the first stages of its production supply chain.