Gentex Acquires New Thin-Glass Laminating Technology

  • Gentex Corp GNTX has acquired a laminating technology that yields durable, lightweight, ultra-thin glass engineered for aircraft cabin partitions, mirrors, and wood veneer applications. The financial terms of the deal were not disclosed.
  • The new laminating technology and related patents were included in Gentex's 2020 acquisition of Air-Craftglass, a Belgium-based startup founded to develop glass solutions for private and commercial aircraft.
  • Gentex said it is now in the process of bringing Air-Craftglass' proprietary production techniques in-house to develop a collection of glass, mirrors, and wood veneer products for aerospace and potentially other industries.
  • Gentex held $353 million in cash and equivalents as of June 30, 2021.
  • Price Action: GNTX shares are trading higher by 2.72% at $36.25 on the last check Monday.

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