Apogee to acquire Groglass for up to €62.5M; adds coatings tech, ~$30M revenue

APOGEE ENTERPRISES, INC.

Acquires Latvia-based Groglass, anti-reflective coatings maker, for up to €62.5M (~$72.5M) cash-free debt-free.
Includes up to €10M earnout over 3 years tied to financial targets; close expected in fiscal Q3 2027.
Expected to add ~$30M revenue in first 12 months at ~25% adjusted EBITDA margin; $4M+ synergies in 3 years.
Financed with cash on hand and existing credit facility; integrated into Performance Surfaces segment.

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