RIOU Glass, a specialist in insulating glass units with high energy and environmental performance, has just acquired a stake in the Belgian holding company Glass Invest, which owns Euroglas-De Landtsheer, Safetyglass and Industrial Glass Processing (IGP). The aim is to create industrial and commercial synergies between the two glass companies in France and Belgium.

On Monday 12 December, RIOU Glass signed the acquisition of 55% of the shares of the Belgian company Glass Invest, the parent company of Euroglas-De Landtsheer, Safetyglass and Industrial Glass Processing (IGP), based in Bornem, Fleurus and Meer respectively. The shares were previously held by the family investment fund Dovesco, which acquired a stake in 2016. The remaining 45% is divided between the company's management, including Geert and Kurt De Landtsheer, the founder's sons, and Frederik De Knijf, the current CEO.

Founded in 1964, the Belgian group of companies is a key player in the processing of flat glass, specialising in tempered and laminated products (glass doors, interior partitions, shower enclosures, etc.) and associated accessories (fittings, hinges, etc.) for the building and decoration sectors. It has developed through two external growth operations: the acquisition of Safetyglass in 2006, then of IGP at the end of 2017, by the historic company Euroglas-De Landtsheer. The latter companies now have a consolidated turnover of more than 31 million euros in 2021 and employ 160 people.