Belgium's Glaverbel & the German group Flabeg said 18 January 2007 that they have signed a Letter of Intent on the sale of Glaverbel's Miroiterie Hirtz automotive mirrors business to Flabeg, which specializes in this activity. The transaction would cover the main Miroiterie Hirtz production site & headquarters at Sarrewerden (France), together with processing units in the UK (Bradley Glass), Italy (Vetrerie Hirtz), Spain (Guardiola) & the Czech Republic (Mirocar). The business employs around 500 people. Flabeg will assure the continuity of this activity, which will benefit from significant industrial & geographical synergies in a highly specialised & competitive industry. The Miroiterie Hirtz geographical locations complement those of Flabeg, which is present in Europe, North & South America & China.
