APOGEE ENTERPRISES, INC. (APOG) Form 8-K — Sep 23, 2026
Apogee Enterprises completed its acquisition of Latvian coatings maker Groglass on September 18, 2026, closing the deal announced September 2. The transaction values Groglass at approximately €62.5 million on a cash-free, debt-free basis, with up to €10 million in additional earnout consideration tied to three-year performance targets — roughly $71.8 million total at current exchange rates. The deal was funded with available cash and borrowings under Apogee's existing revolving credit facility, and Groglass will strengthen Apogee's Performance Surfaces segment with premium anti-reflective coating technology serving museums, electronics, and architectural markets.
Key figures
- Deal Value Usd
- approximately $71.8 million at current exchange rates, including contingent earnout consideration
- Earnout period
- three years following closing
- Max earnout eur
- €10 million
- Enterprise value eur
- €62.5 million (cash-free, debt-free basis)
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