Yorglass and Vetrerie Riunite Group Announce Strategic Partnership
The Yorgancılar Family, Teak Capital, and Tangor Capital Announce Strategic Partnership Bringing Together YORGLASS and VETRERIE RIUNITE GROUP
August 22, 2025
The Yorgancılar Family, Teak Capital, and Tangor Capital are pleased to announce a strategic partnership that brings together YORGLASS and VETRERIE RIUNITE (VR) GROUP under joint ownership.
Under the terms of the signed agreement, the Yorgancılar Family will acquire a significant stake in Vetrerie Riunite (VR) Group, while Teak Capital and Tangor Capital will become shareholders in Yorglass. The transaction is subject to customary regulatory approvals.
This partnership represents a long-term commitment to growth, innovation, and operational excellence. By combining their strengths, Yorglass and VR Group aim to enhance efficiency, share technology and best practices, and expand their global reach with a stronger and more diversified industrial structure. The partnership will also promote joint R&D initiatives and create new professional opportunities for employees through increased international collaboration.
Fabrizio Missich, currently CEO of Yorglass and designated to serve as CEO of the new partnership, shared his views:
"This partnership marks the beginning of an exciting new era for Yorglass and VR Group, built on shared values, mutual trust, and complementary strengths. Following the completion of the partnership, the management will remain firmly committed to keeping customers at the center of the business, making this principle the cornerstone of all strategies and decision-making processes. Accordingly, no changes are foreseen in the way customers and suppliers interact with Yorglass and VR Group. Together, Yorglass and VR will deliver greater value, deepen relationships, and serve their global customer base with renewed energy and focus.”
Manuel Loureiro, currently CEO of VR Group and set to join the boards of both companies upon completion of the transaction, added:
"We are excited to join forces with Yorglass in a partnership that will strengthen our ability to serve customers with greater flexibility, innovation, and expertise. By aligning our industrial footprint and sharing proven practices, we will accelerate ongoing transformation at VR in Italy, China, and other markets, taking an important step toward building a stronger international presence.”
About the Companies
Yorglass
Founded in 1974, Yorglass operates across five production facilities in various cities in Türkiye and has extensive experience in industrial glass processing and flat glass trading. Offering a wide range of products, the company serves both domestic and international markets with a focus on flexibility, innovation, and tailored solutions. Yorglass reported approximately €175 million in revenue in 2024.
www.yorglass.com
Vetrerie Riunite Group (VR Group)
Established in 1968 and headquartered in Colognola ai Colli, Italy, VR Group has over the years specialized in glass manufacturing for the home appliances market, with a particular focus on washing machine glass doors. With production facilities in Italy and China, the company supplies numerous international home appliance manufacturers. VR Group reported approximately €100 million in revenue in 2024.
www.vetrerieriunite.it
Teak Capital
Teak Capital is an investment company owned by the Moreira da Silva Family, operating across the industrial, financial, education, energy, and agroforestry sectors.
www.teakcapital.pt
Tangor Capital
Tangor Capital is the family office of the Silva Domingues Family, with a diversified investment portfolio in sectors such as industry, real estate, and financial services.