Short answer
APOGEE ENTERPRISES, INC. (APOG) filed an 8-K current report with the SEC on September 3, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Apogee agreed to acquire Groglass, a Latvian advanced glass-coatings provider, expanding its high-performance surface-solutions portfolio.
APOGEE ENTERPRISES, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Apogee agreed to acquire Groglass, a Latvian advanced glass-coatings provider, expanding its high-performance surface-solutions portfolio
- Enterprise value approximately €62.5 million, cash-free and debt-free, subject to purchase-price adjustments
- Potential earnout up to €10 million tied to financial targets over three years after closing
- Funding from cash on hand and borrowings under Apogee’s existing credit facility, increasing leverage and financing needs
- Closing expected in fiscal 2027 third quarter, subject to customary conditions
Item 7.01 · Regulation FD Disclosure
- Disclosure centers on pending Groglass transaction and associated forward-looking expectations
- Closing remains subject to timing and completion risk
- Integration execution and projected cost-synergy realization are key investor risks
- Revenue, margin, and profitability targets tied to the transaction may not be achieved
Item EX-99.1 · Exhibit EX-99.1
- Apogee agreed to acquire Latvia-based GroGlass for up to €62.5M, approximately $72.5M, expanding Performance Surfaces
- GroGlass expected to add over $30M revenue in the first 12 months at approximately 25% adjusted EBITDA margin
- At least $4M annualized cost synergies and operating improvements targeted within three years
- Up to €10M of consideration payable over three years, contingent on GroGlass financial targets
- Transaction financed with cash and existing credit facility, with closing expected in fiscal 2027 third quarter
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other APOGEE ENTERPRISES, INC. 8-K filings
Get the next APOG 8-K as it lands
Follow APOG for push alerts, or ask the research agent what this filing means.