Arsenal Capital-backed Fenzi completed the acquisition of Advanced Glass Technologies from Johnson Matthey for $237m.

Arsenal Capital-backed Fenzi, a chemical company in the glass processing industry, completed the acquisition of Advanced Glass Technologies, a global provider of specialist glass enamels and precious metal pastes supplied mainly to the automotive sector, from Johnson Matthey, a British multinational speciality chemicals and sustainable technologies company, for $237m. "We are delighted to welcome the AGT organization to the Fenzi Group. AGT leadership in glass enamels for the automotive and industrial sectors fits perfectly with our strategy to be the largest and most complete partner for the glass industry worldwide. This partnership brings new innovative technologies to our global customer base. We believe that AGT’s growth will be enhanced under the Fenzi Group," Alessandro Fenzi, Fenzi Group CEO.