GroGlass has been acquired by Apogee Enterprises

September 2026 — Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.

GroGlass, based in Riga, Latvia, is a leading provider of high-performance glass surface solutions, specializing in anti-reflective and other advanced coatings used in display, architectural and technical applications. Its portfolio includes premium brands recognized for superior optical clarity and durability, serving customers across global end markets such as museums, electronics and architectural design. With a strong foundation in materials science and coating technologies, GroGlass combines innovation, quality and long-standing customer relationships to deliver differentiated solutions. The company employs around 190 people at its research and production base in Riga.

Headquartered in Minneapolis, Minnesota, USA, Apogee Enterprises, Inc. is a publicly listed company providing architectural building products and services, as well as high-performance coated materials across a range of applications, including architectural glass, windows, curtain walls, storefront and entrance systems, integrated project management and installation services and advanced coatings. With approximately US$1.4 billion in annual net sales, Apogee has established a strong market position serving customers across a broad range of end markets and geographic regions.

Kartesia is a pan-European specialist provider of financing solutions, offering customized resources across the capital structure to leading mid-market companies across a wide range of industries. The firm manages over US$8.6 billion in assets and is supported by a team of 130 experienced investment and operating professionals. It has offices in Amsterdam, Brussels, London, Luxembourg, Madrid, Milan, Munich and Paris.

Our role in the transaction

Oaklins’ team in Latvia acted as the exclusive sell-side advisor to Kartesia, GroGlass’ founder and management team, supporting the sale of 100% of the company. The team managed the full transaction process, from investor identification and marketing through negotiations and due diligence to the successful closing with Apogee Enterprises.