# Tecnoglass and Saint-Gobain form joint venture for float glass in Colombia

Tecnoglass Inc. has entered into a joint venture agreement with Saint-Gobain through the planned purchase of a minority ownership interest in Saint-Gobain's Colombian subsidiary Vidrio Andino. The investment is approximately $45 million, and the transaction is expected to be completed in the second quarter of 2019.

- Type: Partnership
- Announced: 2021-05-20
- Where: Barranquilla, Colombia, Colombia
- Value: $45.0M
- Status: announced
- Products: float glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md) (partner)
- [Tecnoglass](https://endata.com/companies/22691.md) (investor)
- [Vidrio Andino](https://endata.com/companies/36647.md) (partner)

## Sources

- [usglassmag.com](https://www.usglassmag.com/global-update-10/), 2021-05-20: "Tecnoglass Inc. of Barranquilla, Colombia, has entered into a joint venture agreement with Saint-Gobain through the planned purchase of a minority ownership interest in Saint-Gobain’s Colombian subsidiary Vidrio Andino."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.