FGC Group expands its presence in the glass market and acquires Pilkington Glass Russia, STiS Group and other assets of NSG Group in Russia

The FSK Group announced the completion of the acquisition of the Russian assets of NSG Group, including the Pilkington Glass Russia plant and STiS Group. The details of the deal were not disclosed by the parties.

Pilkington Glass Russia is represented by a glass factory in Ramenskoye, Moscow Region, with a nominal production capacity of 800 tons of glass per day. The STiS group of companies includes 8 production sites for the manufacture of double-glazed windows and specialized glass products - in Serpukhov, Vladimir, Saratov, Naberezhnye Chelny, Krasnodar, Stavropol, Voronezh and St. Petersburg.

Thus, FSK Group is increasing its assets in the glass industry. In 2022, she became the new owner of the glass businesses formerly owned by Guardian Industries. Since September they have been working under the new Larta Glass brand.

After the purchase of the Russian assets of NSG Corporation, the portfolio of FGC Group of Companies will include 3 flat glass plants and 8 glass processing plants. The Pilkington Glass plant will operate under the Larta Glass brand, STiS Group will continue to develop in the market for the production of double-glazed windows under the current brand.

“The perimeter of the FSK group of companies includes high-tech enterprises, including Larta Glass plants. With the acquisition of the assets of Pilkington Glass, we are strengthening our expertise and expanding our share of the glass market. In addition, the new assets will allow us to significantly increase productivity and diversify the range of glass products,” says Vladimir Voronin, President of FSK Group of Companies.

Vladimir Voronin

“Bringing together teams of industry experts is a new strategic chapter in the development of Larta Glass,” says Elena Rassudimova, CEO of Larta Glass. ― The Pilkington Glass team, its capabilities, experience and motivation are close to our corporate culture. Together we will be able to offer customers an even wider range of products, consistently high quality service and logistics. This will allow building more long-term approaches to working with partners and building up export potential. Together we will continue to make products available to consumers, create new solutions for the use of glass in building facades and interiors.”

Elena Rassudimova

“Combining factories under one brand will allow us to scale up the experience of two major players in the glass industry and develop glass production in Russia. - says the CEO of Pilkington Glass Russia Maxim Malikov. “For the business and for our team members, this is a growth opportunity. Complementing each other's competencies, together we will be able to bring our products, services and services to a qualitatively new level.”

Maxim Malikov

“Over its 25-year history, the STiS Group of Companies has become one of the leading players in the Russian market of translucent structures,” says Alexei Lyashko, General Director of STiS Group. “We are very pleased to see FSK as a buyer who has strategic synergies with our existing business, similar values and the potential to enhance operational capabilities.”

Alexei Lyashko

Group companies continue to produce high-quality products and operate as usual. The deal and the further integration of the companies are supervised by the M&A team of Pierre Polikarpov, who a year ago coordinated the acquisition of Larta Glass plants by the FSK group of companies.

GK FSK

FSK Group of Companies is one of the largest development companies, the objects of which are presented in Moscow, St. Petersburg, Moscow, Leningrad, Kaluga regions and the Krasnodar Territory. The main direction of its activity is the construction of housing (comfort and business class), commercial real estate, transport and social infrastructure. In 2022, the Russian rating agency ACRA confirmed the A- (RU) credit rating of FGC with a stable outlook. The Group's revenue for 2022 amounted to more than 174 billion rubles, which is comparable to the previous year.

Larta Glass

Larta Glass is one of the largest manufacturers of sheet glass, coated glass and mirrors in the CIS countries. The company's two plants are among the most modern flat glass production facilities with a nominal production capacity of 750 tons of glass per day at the plant in Ryazan and 900 tons of glass per day in the Rostov region.

The head office of the company is located on the territory of the Ryazan plant, from where the business of glass factories is managed throughout Russia and the CIS countries.

More than 10,000 architectural objects in the country and in the world have been implemented using glass produced at Larta Glass factories. For example, the iceberg winter sports palace, the railway station in Adler, the towers Evolution, IQ Quarter, Neva Towers on the territory of Moscow City. Glass can be seen at facilities in Sochi, the sports grounds of the World Cup, airports in Moscow and major Russian cities, and in many other projects.

Pilkington Glass Russia

Pilkington is a global manufacturer of glass for windows and facades, founded in 1826 in the UK and since 2006 part of the NSG Group. The Russian company Pilkington Glass Russia in Ramenskoye, Moscow Region, has been operating since 2006 with a nominal capacity of 800 tons of glass per day. The plant annually produces 10 million square meters. m of glass with low-emission and multifunctional highly selective coatings for the architectural and window markets, including products of our own design, which have no analogues in the Pilkington (NSG Group) product portfolio.

The company's products are supplied to 130 cities of Russia and exported to world markets. The portfolio of Pilkington Glass Russia includes more than 4,000 large architectural objects around the world. Among them are the Platov airport in Rostov-on-Don, the Federation Tower in Moscow City, the Al Ain hospital in Abu Dhabi, the Zeev Shalom Center industrial park in Israel, the Water Sports Palace in Dushanbe, the business center Neuvos Horizontes in San Pedro Sula.

GK STiS

Founded in 1999 in Saratov, the STiS Group of Companies is one of the largest developers and manufacturers of double-glazed windows for window and architectural areas in Russia and the CIS. The range of the company is represented by double-glazed windows for windows and facades with heat-saving, sun-protection and noise-insulating properties.

The STiS group of companies includes 8 production sites for the manufacture of double-glazed windows and specialized glass products - in Serpukhov, Vladimir, Saratov, Naberezhnye Chelny, Krasnodar, Stavropol, Voronezh and St. Petersburg.