Volume 50, Issue 6 - June 2015

Mergers&Aquisitions

Graham Completes Acquisition
of Continental Glass Systems

Graham Architectural Products (GAP), based in York, Pa., has finalized an agreement with Hialeah, Fla.-based Continental Glass Systems LLC (CGS) to acquire a significant equity and operating partner position in the business of CGS.

GAP is a manufacturer of architectural-grade windows, window wall, doors and curtainwall, with manufacturing locations in York and New Castle, Pa., and Merrill, Wis.

The transaction, completed April 21, broadens Graham’s manufacturing footprint in the southern United States while adding a hurricane impact portfolio to its product mix. The newly acquired company will continue to operate and do business as Continental Glass Systems LLC. Shlomo Epstein will serve as CEO of the business, and Samir Moussa as chief operating officer. Both men are owners of the company.

“We’re pleased with how smoothly and quickly we were able to put this together with the leadership at CGS,” says GAP president and CEO Brian Hurley. “I think this bodes well for the future and it shows that this is an excellent fit for both GAP and the team at CGS. Both companies share similar goals, and we look forward to expanding our reach along the Gulf and Atlantic coastlines, as well as in inland impact zones, in order to better serve our customers. This helps solidify our hurricane impact product offering nationwide.”

Epstein and Moussa issued a joint statement saying: “We’re glad that we were able to put this agreement together with GAP, and we value the professionalism and significant fenestration industry perspective GAP brings. We are excited about this new partnership and the growth opportunities it brings for CGS as we begin leveraging our experience with the GAP organization. We will continue to focus on the relationships we have with architects and building owners and are looking forward to expanding our reach now that we are part of the GAP organization.”

Marvin Acquires
TruStile Doors

Marvin Windows and Doors of Minnesota acquired TruStile Doors of Denver last month. Terms of the deal were not disclosed.

“TruStile is an outstanding company with a proven track record of quality and craftsmanship that aligns with our values and premier positioning in the marketplace,” says Dan Marvin, Marvin’s recently appointed vice president of business development, in a statement. “The addition of TruStile to our family of brands will expand our product portfolio into other building products categories, and will allow us to combine our knowledge and resources to take advantage of new opportunities that will grow all of our brands successfully.”

Marvin plans to run TruStile as a separate business unit, and neither its national dealer network nor senior management team will change. President and CEO Scott Schmid will continue to run the company from Denver.

“We are very excited about becoming part of the Marvin Companies,” says Schmid in a statement. “Combining with Marvin will enable us to accelerate our plans and better achieve our long-term vision. I can’t imagine a better partner for TruStile than Marvin.”


Chemetall Acquires Chemal & Co. KG’s Aluminum Finishing Business

Chemetall, a global business unit of Albemarle Corp., acquired the business of Chemal GmbH & Co. KG, based in Hamm, Germany.

Founded in 1975, Chemal GmbH & Co. KG specializes in research and development of surface finishing chemicals for aluminum and its alloys with emphasis on anodizing and pretreatment technologies.

“Consisting of advanced pretreatment and anodizing technologies, Chemetall is one of the few players globally positioned with a comprehensive product range for the aluminum finishing industry,” says Joris Merckx, president of Chemetall. “This transaction will expand our expertise in this market and, combined with strong technical services offered by our wholly owned subsidiaries around the world, will enable us to further expand our presence in a key market.”

“Our customers expect us to deliver a full portfolio of solutions to meet upcoming environmental legislation and achieve process cost savings,” adds Martin Ings, global segment manager of aluminum finishing. “With the completion of this acquisition, we can offer differentiated products and services to bring true value for our customers with minimal investments,” Ings added.


USG
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