Volume 42, Issue 6 - June 2007
PPG Seeks Buyers for Auto Glass Units;
Acquires Coatings Company
PPG Industries in Pittsburgh has put its glass and chemical businesses on the market because of poor performance. While the company reported a record sales quarter in April—especially in its performance and industrial coatings businesses—it experienced a continued decrease in sales of glass and chemicals.
“PPG is aggressively exploring all alternatives for its automotive OEM and replacement glass and services businesses and its fine chemicals business with the goal of maximizing shareholder value. These alternatives may include acquisitions, restructure, forming strategic alliances and divestiture,” PPG officials said in a statement. “We have engaged outside advisors to assist us in considering our alternatives, including the potential sale of one or more of the automotive OEM glass, automotive replacement glass and services and fine chemicals businesses.”
In other news, PPG purchased Champion Coatings Inc. in May. Houston-based Champion Coatings supplies high-performance coatings for the marine, rail and overland industries. PPG company spokesman, Jack Maurer, says PPG will not take ownership of the Houston plant, but some of Champion Coatings’ 35 employees may choose to join PPG.
Maurer referred to PPG’s 2006 purchase of Ameron International Corp. in Pasadena, Calif., saying that purchase led to PPG’s strong market sales in the protective coatings business. The acquisition of Champion Coatings is expected to result in even further growth in PPG’s coatings businesses.
“We are continuing to accelerate our profitable growth in coatings by making strategic acquisitions,” says Rich Alexander, PPG senior vice president, coatings. “By acquiring Champion, PPG will be able to leverage new opportunities and strengthen its overall presence in the global protective and marine coatings business.”
In addition, PPG Performance Glaz-ings announced that it is a finalist in the Business Category for the 2007 Western Pennsylvania Environmental Awards.
The Western Pennsylvania Environ-mental Awards, sponsored by the Pennsylvania Environmental Council and the Dominion Foundation, recognize outstanding accomplishments in various environmental initiatives throughout Western Pennsylvania. PPG was nominated for its development of Solarban 70XL solar control, low-emissivity glass. www.ppg.com
Southeastern Aluminum Opens Arizona Branch
The center, which opened April 16, will enable the company to better serve the Western and Southwestern regions of the United States by distributing its stock and fabricating its custom shower systems. www.southeasternaluminum.com
Azon Receives AAMA, AEC Recognition
Azon received AAMA’s 2006 Chairman’s Award at this year’s 70th Annual AAMA meeting, held in Marco Island, Fla., in February. The award is presented by the outgoing chairman of the board to a single company that has demonstrated “outstanding commitment and dedicated support of the association and the industry” during the chairman’s two-year term. Vice president of sales and marketing Jerry Schwabauer accepted the award on behalf of Azon.
Azon has been an AAMA member since 1980, serving as event sponsors and newsletter contributors for the Aluminum Materials Council.
Mills was honored as AEC 2006 Volunteer of the Year during the Aluminum Extruders Council (AEC) 2007 Annual Meeting & Leadership Conference. The award was part of the annual Volunteer Recognition Ceremony held in conjunction with the celebrated Chairman’s Ball on March 24. Mills was awarded for his work with the Council’s Keep Aluminum Windows program. www.azonintl.com
New Laminated Glass Corp. Opens in PA
Northeast Laminated Glass Corp., already incorporated in the state of Pennsylvania, plans to begin production in its new 140,000-square-foot building in the third quarter of 2007. The company is now purchasing and installing manufacturing equipment in its new facility, according to Tumminia.
Prior to beginning Northeast Laminated Glass, Zaccone worked for AFG Industries for 22 years, most recently as general manager of its laminated glass facility in Carbondale, Pa. Tumminia, who has 21 years of experience in the glass industry, also worked at AFG Industries as a salesperson serving the Northeast for 18 years.
Viracon Awarded Contract For Freedom Tower in NYC
Over the past four years, Viracon has assisted New York architects at Skidmore, Owings and Merrill (SOM) to provide the best possible glass solution to achieve the aesthetic design, energy and security performance required for the project. The Freedom Tower is the first of four buildings to be constructed at the site.
Viracon installed custom fabrication equipment to meet the needs of the project, and expects to begin fabrication at its Owatonna facility in 2008. www.viracon.com
Mayflower Sales Celebrates 90th Anniversary
Coinciding with the anniversary, Mayflower has expanded its range of customer services by instituting its exclusive technical assistance group, TAG®. The group was designed to assist dealers with answers to questions on product application, installation and maintenance. www.mfsales.com