Glaston Corporation                         Press Release                                             21 January 2021

Glaston Group has closed a follow-up deal with US based Lippert Components Inc., an industry leading manufacturer and supplier to the recreational vehicle (RV), Marine, Power Sports and Mass Transit Markets, for an automotive pre-processing line and an insulating glass line. The orders are booked in Glaston’s Q4/2020 order book. The lines will be delivered during the third and fourth quarters of 2021.

In June 2020, Glaston disclosed Lippert Component Inc.’s (LCI) deal for an automotive pre-processing line, a Glaston Matrix serial bending furnace and high-performance laminating equipment. Buoyed by strong demand, LCI decided at the end of 2020 to significantly expand their new Bristol, Indiana facility.

Lippert Components Inc. has continually invested in the latest technology in order to bring innovative products and solutions to the market. Glaston's versatile product portfolio including heat treatment technologies, insulating glass technologies as well as automotive glass technologies enable LCI to cover several of their customer’s demands.

For their new investment LCI decided to continue down the path with Glaston. To feed the existing Glaston bending and laminating equipment, LCI ordered an automotive CHAMP Cut Breakout Grind Line. In addition, the deal included a second TPS® insulating glass line for additional insulating capacity running in parallel to the previously purchased TPS® insulating glass line.  

Equipment from all three Glaston business areas

The customer’s investments made during 2020 covers equipment from all three Glaston business areas which makes LCI one of Glaston's biggest new machine customers in 2020. “There is a growing interest for outdoor activities, and demand for recreational vehicles, boats and ATV’s is growing. We are very happy to be part of LCI’s ambitious growth journey and success when they expand operations”, says Michael Schmidt, Vice President, Sales and Marketing, North America. ponents to the


Founded in 1956, Lippert Components operates from over 70 facilities located throughout the United States, Canada, Ireland, Holland the UK and Italy and employs more than 9,000 persons. The company is today a leading supplier of components to the recreational vehicle (RV), Marine, ATV and building products industries, as well as adjacent industries including bus, cargo and rail, and heavy trucks. For further information, please contact:

 

Commercial inquiries:

Michael Schmidt, VP, Sales and Marketing, North America, phone +1 (651) 343 5272
 

Press and investor inquiries:
Agneta Selroos, Communications Manager, phone +358 40 7453 737

Glaston Corporation
Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of new technologies integrating intelligence to glass.

Glaston is committed to providing its clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. Glaston operates globally with manufacturing, services and sales offices in 10 countries. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd.