Geveko steps in glass recycling

Archiv – In order to help secure its supply of raw material, Swedish company Geveko has acquired 50% of the shares in AllGlass, a manufacturer of glass beads located in Glasgow, Scotland. Through the acquisition, a 50/50 joint venture has been established with current AllGlass owner William Tracey Ltd.
Sweden / UK | In order to help secure its supply of raw material, Swedish company Geveko has acquired 50% of the shares in AllGlass, a manufacturer of glass beads located in Glasgow, Scotland. Through the acquisition, a 50/50 joint venture has been established with current AllGlass owner William Tracey Ltd.
Based in Gothenburg, Geveko claims to be Europe’s largest road marking business and is therefore a large consumer of reflective glass beads designed to improve the visibility of road markings in the dark and on wet roads.
’The acquisition has two strategic dimensions for Geveko,’€™ says Hans Ljungkvist Managing Director. ‘€˜We secure the supply of an important raw material. Furthermore we have access to production and the possibility to carry on road marking research activities with a focus on visibility in the dark and on wet surfaces as well as achieving increased lifetime of glass beads which will increase added value on road markings.’€™