Heinz-Glas Acquires French Company Cristallerie Ncn

The Paris commercial court has granted German group Heinz-Glas permission to take over Verrerie Cristallerie de la Bresle, renamed Nouvelle Cristallerie de Normandie (NCN). The company, which was taken over by a group of investors after going out of business in 1991, was declared insolvent again in October 1996. In 1996 the company, which specialises in perfume containers, made a loss of over FF4m on turnover of FF20m. The Heinz group is keeping 41 of the 71 employees. (whole article)