FSK Group Expands Presence in the Russian Glass Market with Acquisition of NSG Group’s Pilkington Glass Russia, STiS Group, and other assets
Image source: https://www.firstinglass.ru/
FSK Group of Companies announces completion of the acquisition of NSG Group assets in Russia, including the Pilkington Glass Russia plant and STiS Group of companies. The details of the acquisition have not been disclosed.
Pilkington Glass Russia operates a glass plant in Ramenskoye, Moscow Region, with a nominal production capacity of 800 tons of glass per day. STiS Group has eight production facilities for manufacturing insulated glass units and specialized glass products located in Serpukhov, Vladimir, Saratov, Nizhnekamsk, Krasnodar, Stavropol, Voronezh, and St. Petersburg.
With this acquisition, FSK Group significantly expands its assets in the glass industry. In 2022, the company became owner of two glass plants previously owned by Guardian Industries, which now operate under the new brand name Larta Glass. FSK Group will now have three flat glass production plants and eight glass processing plants in its portfolio. The Pilkington Glass plant will operate under the Larta Glass brand, while STiS Group will continue to further its development in the insulated glass unit market under its current brand.
Pilkington Glass Russia operates a glass plant in Ramenskoye, Moscow Region, with a nominal production capacity of 800 tons of glass per day. STiS Group has eight production facilities for manufacturing insulated glass units and specialized glass products located in Serpukhov, Vladimir, Saratov, Nizhnekamsk, Krasnodar, Stavropol, Voronezh, and St. Petersburg.
With this acquisition, FSK Group significantly expands its assets in the glass industry. In 2022, the company became owner of two glass plants previously owned by Guardian Industries, which now operate under the new brand name Larta Glass. FSK Group will now have three flat glass production plants and eight glass processing plants in its portfolio. The Pilkington Glass plant will operate under the Larta Glass brand, while STiS Group will continue to further its development in the insulated glass unit market under its current brand.
- Vladimir VoroninPresident of FSK GroupThis expands FSK Group’s portfolio of high-tech enterprises, following purchase of the Larta Glass plants. With this next acquisition, we will enhance our expertise and expand our market presence in the glass industry. Moreover, these new assets will significantly increase our production capacity and diversify our range of glass products.
- Elena RassudimovaCEO of Larta GlassThe integration of industry experts marks a new strategic chapter for Larta Glass. The Pilkington Glass team, capabilities, experience, and motivation align closely with our corporate culture. Together, we will be able to offer customers an even wider range of products, and consistently high-quality service in terms of both products and logistics. This will enable us to establish longer-term approaches in our partnerships, expand our export potential, and continue making glass products accessible to consumers while creating new applications for building facades and interiors.
- Maxim MalikovCEO of Pilkington Glass RussiaBringing together plants under one brand allows us to scale up the experience of two major players in the glass industry and develop glass production in Russia. For our business and team members, this is an opportunity for growth. By complementing each other’s competencies and working together, we can elevate our products, services, and customer experience to a qualitatively new level.
- Alexey LyashkoCEO of STiS GroupOver its 25-year history, STiS Group has become a leader in the Russian transparent construction market. We are pleased to be part of the FSK Group, as they have strategic synergy with our existing business, similar values, and the potential to enhance operational capabilities.
All the companies will continue to produce high-quality products and operate as usual. The transaction and the subsequent integration of the companies will be overseen by the FSK Group’s M&A team led by Pierre Polikarpov, who coordinated the acquisition of Larta Glass plants over a year ago.
About FSK Group
FSK Group is one of the largest real estate development companies in Russia, with properties located in Moscow, St. Petersburg, Moscow Oblast, Leningrad Oblast, Kaluga Oblast, and Krasnodar Krai. Its main focus is on residential (comfort and business-class), commercial real estate, transportation, and social infrastructure construction. In 2022, the Russian credit rating agency ACRA reaffirmed FSK Group's credit rating of A- (RU) with a stable outlook. The Group's revenue for 2022 amounted to over 174 billion rubles, comparable to the previous year's figures.
About Larta Glass
Larta Glass is one of the leading manufacturers of flat glass, coated glass, and mirrors in Russia and the CIS. Headquartered in Ryazan, the company operates two modern factories capable of producing 750 tons of flat glass per day in Ryazan and 900 tons of flat glass per day in the Rostov Oblast.
Over 10,000 architectural projects in Russia and around the world have been realized using glass manufactured by Larta Glass. For example, the Iceberg Winter Sports Palace, the railway station in Adler, the Evolution Tower, the IQ Quarter, and Neva Towers in the Moscow International Business Center, the FIFA World Cup stadiums, international airports in Moscow and major Russian cities, etc.
About Pilkington Glass Russia
Pilkington is a global manufacturer of window and facade glass, founded in the United Kingdom in 1826 and part of the NSG Group since 2006. The Russian subsidiary, Pilkington Glass Russia, located in Ramenskoye, Moscow Oblast, has been operating since 2006 with a nominal capacity of 800 tons of glass per day. The plant produces 10 million square meters of glass annually with low-emissivity and multifunctional high-selective coatings for the architectural and window markets, including proprietary products that have no analogs in Pilkington's product portfolio (NSG Group).
The company's products are supplied to 130 cities in Russia and exported to global markets. Pilkington Glass Russia has a portfolio of over 4,000 major architectural projects worldwide, including the Platov Airport in Rostov-on-Don, Federation Tower in Moscow City, Al Ain Hospital in Abu Dhabi, Zeev Shalom Center industrial park in Israel, Water Sports Palace in Dushanbe, and Neuvos Horizontes business center in San Pedro Sula.
STiS Group
Founded in 1999 in Saratov, the STiS Group of companies is one of the largest developers and manufacturers of insulating glass units for windows and architectural applications in Russia and the CIS. The company's range includes insulating glass units for windows and facades with thermal insulation, solar and sound control properties.
STiS Group comprises eight production sites for the manufacturing of insulating glass units and specialized glass products in Serpukhov, Vladimir, Saratov, Naberezhnye Chelny, Krasnodar, Stavropol, Voronezh, and St. Petersburg.
FSK Group is one of the largest real estate development companies in Russia, with properties located in Moscow, St. Petersburg, Moscow Oblast, Leningrad Oblast, Kaluga Oblast, and Krasnodar Krai. Its main focus is on residential (comfort and business-class), commercial real estate, transportation, and social infrastructure construction. In 2022, the Russian credit rating agency ACRA reaffirmed FSK Group's credit rating of A- (RU) with a stable outlook. The Group's revenue for 2022 amounted to over 174 billion rubles, comparable to the previous year's figures.
About Larta Glass
Larta Glass is one of the leading manufacturers of flat glass, coated glass, and mirrors in Russia and the CIS. Headquartered in Ryazan, the company operates two modern factories capable of producing 750 tons of flat glass per day in Ryazan and 900 tons of flat glass per day in the Rostov Oblast.
Over 10,000 architectural projects in Russia and around the world have been realized using glass manufactured by Larta Glass. For example, the Iceberg Winter Sports Palace, the railway station in Adler, the Evolution Tower, the IQ Quarter, and Neva Towers in the Moscow International Business Center, the FIFA World Cup stadiums, international airports in Moscow and major Russian cities, etc.
About Pilkington Glass Russia
Pilkington is a global manufacturer of window and facade glass, founded in the United Kingdom in 1826 and part of the NSG Group since 2006. The Russian subsidiary, Pilkington Glass Russia, located in Ramenskoye, Moscow Oblast, has been operating since 2006 with a nominal capacity of 800 tons of glass per day. The plant produces 10 million square meters of glass annually with low-emissivity and multifunctional high-selective coatings for the architectural and window markets, including proprietary products that have no analogs in Pilkington's product portfolio (NSG Group).
The company's products are supplied to 130 cities in Russia and exported to global markets. Pilkington Glass Russia has a portfolio of over 4,000 major architectural projects worldwide, including the Platov Airport in Rostov-on-Don, Federation Tower in Moscow City, Al Ain Hospital in Abu Dhabi, Zeev Shalom Center industrial park in Israel, Water Sports Palace in Dushanbe, and Neuvos Horizontes business center in San Pedro Sula.
STiS Group
Founded in 1999 in Saratov, the STiS Group of companies is one of the largest developers and manufacturers of insulating glass units for windows and architectural applications in Russia and the CIS. The company's range includes insulating glass units for windows and facades with thermal insulation, solar and sound control properties.
STiS Group comprises eight production sites for the manufacturing of insulating glass units and specialized glass products in Serpukhov, Vladimir, Saratov, Naberezhnye Chelny, Krasnodar, Stavropol, Voronezh, and St. Petersburg.