Developer docs
API playgroundTry for free, no card

Search company profiles

Groglass

Full company profile

uuid0002fa1

Namestring
Groglass
Legal namestring
Sabiedrība ar ierobežotu atbildību "GroGlass"
Websiteurl
groglass.com
Company typeenum
Private
Founded yearint
2004
Descriptiontext

Groglass is a Latvia-based developer and manufacturer of anti-reflective and other high-performance nano-coatings for glass and acrylic substrates, founded in 2004 and headquartered in Riga. Its core technology is vacuum-deposited, double-sided nano-coating applied with custom-built equipment that the company states is the only such installation in the world capable of producing double-sided high-performance anti-reflective coatings at scale, supporting global quality and cost leadership. The product platform is split between the Artglass sub-brand (premium anti-reflective and UV-protective glazing for picture framers, museums and cultural heritage institutions) and the Sapphire sub-brand (high-performance anti-reflective glass for architecture, electronic displays, cold storage and lighting), with a development pipeline that includes HiPIMS, PECVD, NIR-Block, anti-fog and smart chromogenic coatings for Smart Windows. The company employs approximately 150-160 people across two automated manufacturing facilities in Riga and exports to more than 45 countries, with end customers including the Louvre, Rijksmuseum, Korean National Museum, Latvian National Museum of Art, framing studios, and electronics display manufacturers.

The company sells through a hybrid go-to-market model: direct enterprise field sales backed by dedicated Account Management and Customer Service teams handling museums, electronic display OEMs and large architecture projects, combined with a regional distributor network for the SMB framing channel, supported by the proprietary Artglass Framers Map and the Framing Academy online training platform. Pricing is not publicly disclosed, with customers routed to [email protected] or local distributors. Following a January 2019 management buyout led by Founder and CEO Alexander Sasha Kelberg, with Kartesia providing over €50 million in financing (acquired from NCH Capital), the company embarked on a five-year plan to double production capacity, investing €2.3 million in capacity in 2018 and reporting €16.4 million in turnover that year. Groglass holds multiple ISO certifications (9001, 14001, 45001, 50001) and CE marking.

Short descriptiontext

Groglass is a Riga, Latvia-based developer and manufacturer of anti-reflective and UV-protective nano-coatings for glass and acrylic, operating two facilities and exporting to 45+ countries to serve picture framers, museums, electronics display manufacturers, architects and cold storage operators.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersRiga, Latvia
HQ citystring
Riga
HQ countrystring
Latvia
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
anti-reflective glass, UV-protective glazing, nano-coating manufacturing, picture framing glass, museum display glass
Industry1 code
1Low‑E, Solar Control & Energy-Efficient Coated Glass
CodeIMADAHAFPrimaryYes
NAICS code1 code
  • Glass Product Manufacturing Made of Purchased Glass327215
SIC code1 code
  • Glass Products, Made Of Purchased Glass3231
Product category
Anti-reflective glass and coatings
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Anti-reflective glass and acrylic product sales
TypeOne Time License
Description

Groglass manufactures and sells premium anti-reflective glass and acrylic products under the Artglass and Sapphire brands. Products are sold directly to picture framers, museums, electronics manufacturers, cold storage operators, and architecture firms. The company concluded 2018 with a turnover of €16.4 million euro, with significant investments in capacity expansion and strategic growth.

groglass.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 2 records shown
1Artglass
Description

Premium anti-reflective glass for picture framing, museum showcases, and art display applications. Includes products such as ARTGLASS LIFETIME ACRYLIC and ARTGLASS AR 99 WATER WHITE.

groglass.com
+1 more record
Core offering1 text field

Groglass manufactures and sells anti-reflective and UV-protective nano-coated glass and acrylic products under the Artglass and Sapphire sub-brands. The products serve picture framing, museum showcases, electronic displays, architecture, cold storage, and lighting applications, and reflect 13–15x less light than standard glass while blocking up to 99% of UV radiation.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • Artglass reflects 13 times less light than regular glass, making the glass virtually invisible
+5 more records
Product overview1 text field

Groglass is a leading developer and manufacturer of anti-reflective and other high-performance nano coatings for glass and acrylic, serving industries including picture framing, museum showcases, electronic displays, architecture, and specialized applications. The company operates two manufacturing facilities in Riga, Latvia and exports to over 45 countries. The product portfolio is organized into two main sub-brands: Artglass (for picture framing, art display, and museum applications) and Sapphire (for architecture, electronics, cold storage, and lighting). Both sub-brands share the core anti-reflective and UV-protective coating technology platform, differentiated by application-specific formulations and performance characteristics. Additional product variants include acrylic alternatives and specialized products like NIR-Block coatings.

Product and service1 record
1Artglass
Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
1LETERA (Latvian Electronics and Engineering Industry Cluster)
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-03-26
Description

GroGlass participates in the Recovery Fund project for the Latvian Electronics and Engineering Industry Cluster, aimed at supporting cluster members' internationalization and increasing private R&D investments. Project implementation period until June 30, 2026.

groglass.com
2SIA VMKC (Vides, bioenerģētikas un biotehnoloģijas kompetences centrs)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-10-01
Description

GroGlass partners with SIA VMKC as a cooperation partner in multiple competence center research projects. These include projects on magnetron sputtering technology alternatives (PECVD, ion implantation), high-power impulse magnetron sputtering (HiPIMS) for large-format glass, unified production process management system (MES), silicon nitride deposition technology, and alternative silicon aluminum targets for energy efficiency.

groglass.com
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-02-22
Description

GroGlass collaborated with LU CFI on developing an anti-fog coating using doped nanocrystalline titanium dioxide thin layers (completed 2022, reaching TRL3). Also collaborating on smart chromogenic coatings for advanced Smart Windows as part of the Recovery Fund project, with total project costs of €645,188.71 (47.1% GroGlass contribution).

Strategic tierMinorTypeStrategic or Co-development Partner
Description

GroGlass presents scholarships to physics students at the Latvian Institute for Solid State Physics in cooperation with the University of Latvia Foundation, to motivate bright young minds to study physics.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Guardian Glass is a major float and coated-glass producer offering low-E and value-added coated products; it serves overlapping architectural glazing customers but does not focus on specialty AR for framing, museum, or display applications like Groglass.

TypeDirect peer
Description

Tru Vue is the most direct US-headquartered competitor in anti-reflective picture-framing and museum-display glass (e.g., Museum Glass, UltraVue), serving the same premium framing and gallery customers as Groglass's Artglass line with a comparable product offering.

TypeBroad incumbent
Description

Schott is a large German specialty glass manufacturer with broad AR and coated-glass product lines used in architecture, displays, and optics; it operates at far greater scale than Groglass and overlaps on high-end coated glass substrates and optical applications.

TypeBroad incumbent
Description

Corning is a global specialty glass and ceramics leader (Gorilla Glass, Iris Glass) with strong AR-coating capabilities for consumer electronics displays; it serves overlapping large-display customers but at vastly broader portfolio and scale than Groglass.

TypeBroad incumbent
Description

Saint-Gobain is a major global glass manufacturer with low-E, coated, and AR products across architectural and specialty segments; it competes with Groglass's Sapphire storefront and architectural products while also offering SageGlass electrochromic smart windows that intersect with Groglass's smart-window R&D roadmap.

TypeBroad incumbent
Description

AGC is one of the world's largest flat-glass producers with anti-reflective and coated-glass offerings for architecture, automotive, and electronics; it competes with Groglass in display and architectural AR glass categories at much higher volume.

TypeEmerging player
Description

View is a smart-window specialist producing electrochromic dynamic glass for commercial buildings; it intersects with Groglass's smart chromogenic coatings R&D roadmap and shares a common architectural energy-efficiency value proposition.

TypeDirect peer
Description

Abrisa Technologies (a HEF Photonics company) manufactures custom anti-reflective, optical, and coated glass for display, defense, and industrial markets; it is a direct competitor in custom AR coatings on flat and curved substrates.

TypeBroad incumbent
Description

Pilkington is a major global flat-glass manufacturer offering anti-reflective and self-cleaning coated products for architectural and solar applications; it competes broadly with Groglass on coated architectural glazing but at much larger scale.

TypeRegional player
Description

Jinjing is a leading Chinese flat-glass and coated-glass manufacturer with growing AR/low-E capability; it is a relevant Asia-based peer that increasingly competes in the same architectural and display coated-glass categories as Groglass, but from a regional production base.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers11 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles14 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance5 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Groglass

Anti-reflective glass and coatingsgroglass.com

Groglass is a Riga, Latvia-based developer and manufacturer of anti-reflective and UV-protective nano-coatings for glass and acrylic, operating two facilities and exporting to 45+ countries to serve picture framers, museums, electronics display manufacturers, architects and cold storage operators.

What Groglass does

Groglass is a Latvia-based developer and manufacturer of anti-reflective and other high-performance nano-coatings for glass and acrylic substrates, founded in 2004 and headquartered in Riga. Its core technology is vacuum-deposited, double-sided nano-coating applied with custom-built equipment that the company states is the only such installation in the world capable of producing double-sided high-performance anti-reflective coatings at scale, supporting global quality and cost leadership. The product platform is split between the Artglass sub-brand (premium anti-reflective and UV-protective glazing for picture framers, museums and cultural heritage institutions) and the Sapphire sub-brand (high-performance anti-reflective glass for architecture, electronic displays, cold storage and lighting), with a development pipeline that includes HiPIMS, PECVD, NIR-Block, anti-fog and smart chromogenic coatings for Smart Windows. The company employs approximately 150-160 people across two automated manufacturing facilities in Riga and exports to more than 45 countries, with end customers including the Louvre, Rijksmuseum, Korean National Museum, Latvian National Museum of Art, framing studios, and electronics display manufacturers.

The company sells through a hybrid go-to-market model: direct enterprise field sales backed by dedicated Account Management and Customer Service teams handling museums, electronic display OEMs and large architecture projects, combined with a regional distributor network for the SMB framing channel, supported by the proprietary Artglass Framers Map and the Framing Academy online training platform. Pricing is not publicly disclosed, with customers routed to [email protected] or local distributors. Following a January 2019 management buyout led by Founder and CEO Alexander Sasha Kelberg, with Kartesia providing over €50 million in financing (acquired from NCH Capital), the company embarked on a five-year plan to double production capacity, investing €2.3 million in capacity in 2018 and reporting €16.4 million in turnover that year. Groglass holds multiple ISO certifications (9001, 14001, 45001, 50001) and CE marking.

Groglass firmographics

Firmographics
Name
Groglass
Legal name
Sabiedrība ar ierobežotu atbildību "GroGlass"
Website
https://groglass.com
Company type
Private
Founded year
2004
Operating status
Operating
Headcount range
51–100 employees
Short description
Groglass is a Riga, Latvia-based developer and manufacturer of anti-reflective and UV-protective nano-coatings for glass and acrylic, operating two facilities and exporting to 45+ countries to serve picture framers, museums, electronics display manufacturers, architects and cold storage operators.
Ownership category
akta.pro rank

Groglass industry classification

Industry
Product category
Anti-reflective glass and coatings
NAICS
Glass Product Manufacturing Made of Purchased Glass (327215)
SIC
Glass Products, Made Of Purchased Glass (3231)
akta.pro primary industry
Low‑E, Solar Control & Energy-Efficient Coated Glass (IMADAHAF)

Keywords

  • Anti-reflective glass
  • UV-protective glazing
  • Nano-coating manufacturing
  • Picture framing glass
  • Museum display glass

Where Groglass is headquartered

Location

Headquarters

HQ city
Riga
HQ country
Latvia
HQ region
Europe

Offices1 record

Markets served

Groglass business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

  1. Anti-reflective glass and acrylic product sales: Groglass manufactures and sells premium anti-reflective glass and acrylic products under the Artglass and Sapphire brands. Products are sold directly to picture framers, museums, electronics manufacturers, cold storage operators, and architecture firms. The company concluded 2018 with a turnover of €16.4 million euro, with significant investments in capacity expansion and strategic growth.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Groglass product offering

Product offering

Core offering

Groglass manufactures and sells anti-reflective and UV-protective nano-coated glass and acrylic products under the Artglass and Sapphire sub-brands. The products serve picture framing, museum showcases, electronic displays, architecture, cold storage, and lighting applications, and reflect 13–15x less light than standard glass while blocking up to 99% of UV radiation.

Product overview

Groglass is a leading developer and manufacturer of anti-reflective and other high-performance nano coatings for glass and acrylic, serving industries including picture framing, museum showcases, electronic displays, architecture, and specialized applications. The company operates two manufacturing facilities in Riga, Latvia and exports to over 45 countries. The product portfolio is organized into two main sub-brands: Artglass (for picture framing, art display, and museum applications) and Sapphire (for architecture, electronics, cold storage, and lighting). Both sub-brands share the core anti-reflective and UV-protective coating technology platform, differentiated by application-specific formulations and performance characteristics. Additional product variants include acrylic alternatives and specialized products like NIR-Block coatings.

Differentiator

Problem solved

Functional benefit

Brands

  • Artglass: Premium anti-reflective glass for picture framing, museum showcases, and art display applications. Includes products such as ARTGLASS LIFETIME ACRYLIC and ARTGLASS AR 99 WATER WHITE.
  • Sapphire

Products and services

  • Artglass

Quantifiable outcome

  • Artglass reflects 13 times less light than regular glass, making the glass virtually invisible
  • +5 more outcomes

Companies that use Groglass

Customer profile

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Groglass technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature8 records

Groglass partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered minor and core.

  • LETERA (Latvian Electronics and Engineering Industry Cluster)minorStrategic or Co-development Partner · 26 March 2025GroGlass participates in the Recovery Fund project for the Latvian Electronics and Engineering Industry Cluster, aimed at supporting cluster members' internationalization and increasing private R&D investments. Project implementation period until June 30, 2026.
  • SIA VMKC (Vides, bioenerģētikas un biotehnoloģijas kompetences centrs)coreStrategic or Co-development Partner · 1 October 2023GroGlass partners with SIA VMKC as a cooperation partner in multiple competence center research projects. These include projects on magnetron sputtering technology alternatives (PECVD, ion implantation), high-power impulse magnetron sputtering (HiPIMS) for large-format glass, unified production process management system (MES), silicon nitride deposition technology, and alternative silicon aluminum targets for energy efficiency.
  • Latvijas Universitātes Cietvielu fizikas institūts (LU CFI) - Latvian University Solid State Physics InstitutecoreStrategic or Co-development Partner · 22 February 2021GroGlass collaborated with LU CFI on developing an anti-fog coating using doped nanocrystalline titanium dioxide thin layers (completed 2022, reaching TRL3). Also collaborating on smart chromogenic coatings for advanced Smart Windows as part of the Recovery Fund project, with total project costs of €645,188.71 (47.1% GroGlass contribution).
  • University of Latvia FoundationminorStrategic or Co-development PartnerGroGlass presents scholarships to physics students at the Latvian Institute for Solid State Physics in cooperation with the University of Latvia Foundation, to motivate bright young minds to study physics.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Groglass competitors and assessment

Company assessment

Broad incumbents

  • Guardian Glass: Guardian Glass is a major float and coated-glass producer offering low-E and value-added coated products; it serves overlapping architectural glazing customers but does not focus on specialty AR for framing, museum, or display applications like Groglass.
  • Schott: Schott is a large German specialty glass manufacturer with broad AR and coated-glass product lines used in architecture, displays, and optics; it operates at far greater scale than Groglass and overlaps on high-end coated glass substrates and optical applications.
  • Corning: Corning is a global specialty glass and ceramics leader (Gorilla Glass, Iris Glass) with strong AR-coating capabilities for consumer electronics displays; it serves overlapping large-display customers but at vastly broader portfolio and scale than Groglass.
  • Saint-Gobain: Saint-Gobain is a major global glass manufacturer with low-E, coated, and AR products across architectural and specialty segments; it competes with Groglass's Sapphire storefront and architectural products while also offering SageGlass electrochromic smart windows that intersect with Groglass's smart-window R&D roadmap.
  • AGC (Asahi Glass Company): AGC is one of the world's largest flat-glass producers with anti-reflective and coated-glass offerings for architecture, automotive, and electronics; it competes with Groglass in display and architectural AR glass categories at much higher volume.
  • Pilkington (NSG Group): Pilkington is a major global flat-glass manufacturer offering anti-reflective and self-cleaning coated products for architectural and solar applications; it competes broadly with Groglass on coated architectural glazing but at much larger scale.

Direct peers

  • Tru Vue: Tru Vue is the most direct US-headquartered competitor in anti-reflective picture-framing and museum-display glass (e.g., Museum Glass, UltraVue), serving the same premium framing and gallery customers as Groglass's Artglass line with a comparable product offering.
  • Abrisa Technologies: Abrisa Technologies (a HEF Photonics company) manufactures custom anti-reflective, optical, and coated glass for display, defense, and industrial markets; it is a direct competitor in custom AR coatings on flat and curved substrates.

Emerging players

  • View, Inc. View is a smart-window specialist producing electrochromic dynamic glass for commercial buildings; it intersects with Groglass's smart chromogenic coatings R&D roadmap and shares a common architectural energy-efficiency value proposition.

Regional players

  • Jinjing Group: Jinjing is a leading Chinese flat-glass and coated-glass manufacturer with growing AR/low-E capability; it is a relevant Asia-based peer that increasingly competes in the same architectural and display coated-glass categories as Groglass, but from a regional production base.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Groglass social profiles

Digital presence

Groglass compliance and trust

Trust signal

Compliance5 records

Groglass financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Groglass leadership team

Management profile

Number of profiles

Profiles14 records

Groglass funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Groglass M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Groglass

What does Groglass do?

Groglass manufactures and sells anti-reflective and UV-protective nano-coated glass and acrylic products under the Artglass and Sapphire sub-brands. The products serve picture framing, museum showcases, electronic displays, architecture, cold storage, and lighting applications, and reflect 13–15x less light than standard glass while blocking up to 99% of UV radiation.

Is Groglass a public or private company?

Groglass is a private company. It is classified as private equity controlled and is currently operating.

When was Groglass founded?

Groglass was founded in 2004. It employs 51 to 100 people.

Where is Groglass based?

Groglass is headquartered in Riga, Latvia, in the Europe region.

How does Groglass make money?

One revenue line is on record: anti-reflective glass and acrylic product sales.

Who are Groglass's main competitors?

Broad incumbents on record are Guardian Glass, Schott, Corning, Saint-Gobain, AGC (Asahi Glass Company) and Pilkington (NSG Group). Direct peers are Tru Vue and Abrisa Technologies. View, Inc. is listed as an emerging player. Jinjing Group is listed as a regional player.

Does Groglass have an API?

No public API is recorded for Groglass.

What industry is Groglass in?

Groglass's product category is Anti-reflective glass and coatings. Its primary akta.pro industry code is IMADAHAF, Low‑E, Solar Control & Energy-Efficient Coated Glass. Its NAICS code is 327215 and its SIC code is 3231.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
The Motley FoolApogee (APOG) Q2 2027 Earnings Call TranscriptApogee reported Q2 net sales of $391.1 million, up 9.2%, and adjusted diluted EPS of $1.17, up 19.4%. The company raised its fiscal 2027 net sales guidance to $1.46–1.50 billion and adjusted EPS to $3.00–3.40, citing Kalwall and GrowGlass acquisitions.Seeking AlphaApogee forecasts FY2027 sales of $1.46B-$1.5B and adjusted EPS of $3-$3.40 while adding Groglass (NASDAQ:APOG)Apogee Enterprises reported Q2 fiscal 2027 net sales of $391.1 million, up 9.2%, and adjusted EPS of $1.17. The company raised its FY2027 guidance to net sales of $1.46B-$1.5B and adjusted EPS of $3-$3.40, citing strong first-half performance and acquisitions of Kalwall and Groglass.AdvfnApogee Enterprises Reports Fiscal 2027 Second Quarter ResultsApogee Enterprises reported Q2 fiscal 2027 net sales of $391.1 million, up 9.2% year-over-year, with diluted EPS of $1.07 and adjusted EPS of $1.17. The company raised its full-year adjusted EPS guidance to $3.00-$3.40 from $2.70-$3.25, citing strong execution and acquisitions of Kalwall and Groglass.Business Wire BlogApogee Enterprises Reports Fiscal 2027 Second Quarter ResultsApogee Enterprises reported fiscal 2027 Q2 net sales of $391.1 million, up 9.2% year-over-year, with diluted EPS of $1.07 and adjusted EPS of $1.17. The company raised its full-year adjusted diluted EPS guidance to $3.00-$3.40 from $2.70-$3.25, citing strong execution and acquisitions of Kalwall and Groglass.AInvestApogee's Stock Soared on a 'Beat and Raise.' Its Headline EPS Actually Fell.Apogee Enterprises reported Q2 fiscal 2027 results with adjusted EPS of $1.17, beating estimates, and raised full-year guidance. Sales rose 9.2% to $391.1M, but organic growth was negative, and debt climbed to $335.5M. The company acquired Kalwall and announced a second deal, GroGlass.AInvestApogee Is Buying Companies at Triple Its Own Multiple — Here's Why That MattersApogee Enterprises acquired GroGlass, a Latvian coatings specialist, for up to $71.8 million, priced at 16.7x EBITDA—nearly triple Apogee's 6.7x valuation. The cash-free deal includes a $10 million earnout tied to three-year performance, aiming to boost margins through integration. The company has spent $187 million on two acquisitions in three months, raising leverage risks.YahooApogee Enterprises Completes Acquisition of GroGlassApogee Enterprises completed its acquisition of GroGlass, a Latvian glass surface solutions provider, for up to $71.8 million including contingent earnout. The deal strengthens Apogee's Performance Surfaces portfolio with GroGlass's anti-reflective coating technology. The acquisition aims to expand growth opportunities and support long-term value creation.Stock TitanApogee Completes Up to ~$71.8M GroGlass AcquisitionApogee Enterprises completed its acquisition of GroGlass, a Latvian glass surface solutions provider, for up to approximately $71.8 million, including contingent earnout consideration. The deal expands Apogee's Performance Surfaces portfolio with GroGlass's anti-reflective coating technology and brands.MorningstarApogee Enterprises Completes Acquisition of GroGlassApogee Enterprises completed its acquisition of GroGlass, a Latvian glass surface solutions provider, for up to approximately $71.8 million, including contingent earnout consideration. The deal strengthens Apogee's Performance Surfaces portfolio with GroGlass's anti-reflective coating technology and brands.YahooApogee (APOG) Agreed to Acquire GroGlass for Up to €62.5M. Can a High-Margin Niche Deliver the Promised Synergies?Apogee Enterprises agreed to acquire Latvia-based GroGlass for up to €62.5 million, with a €10 million contingent portion payable over three years. GroGlass is expected to generate $30 million in revenue and $7.5 million in adjusted EBITDA in its first year, with a 25% margin. The deal is expected to close in Q3 fiscal 2027.