Salem and HHH Launch
Joint Business Venture
Salem Distributing and HHH Tempering Resources have launched a new joint business venture, Glass Tempering Resources. The new entity will serve the glass industry with new and refurbished tempering lines and other refurbished equipment, according to the companies. Additionally, Glass Tempering Resources will offer master service agreements for all tempering brands.
“Currently, there are no firms in the glass machinery arena that have a broad sales team covering both the United States and Canada, and the technical expertise to service any tempering brand,” says Salem Distributing president Mike Willard. “The formation of Glass Tempering Resources fills that void.”
HHH Tempering Resources president Mike Synon adds, “This venture truly provides much-needed service as some of our industries’ best maintenance personnel retire and companies reduce the size of their current maintenance staff.”
Glass Tempering Resources offers a tempering line from North Glass Tempering. Salem will offer complete sales support, while HHH will provide U.S.-based services including installation, post-sales technical support, parts inventory and 24-hour service agreements.
Alcoa to Separate into Two Companies; Kawneer Should Not be Affected
Alcoa, parent company of Kawneer, announced that its board of directors unanimously approved a plan to separate into two independent, publicly traded companies. The Upstream Company will comprise five business units that make up its Global Primary Products—bauxite, alumina, aluminum, casting and energy. The Value-Add Company, under which Kawneer falls, will include global rolled products, engineered products and solutions, and transportation and construction solutions.
The transaction is expected to be completed in the second half of 2016. At that point, according to a press release, Alcoa shareholders will own all of the outstanding shares of both the Upstream and Value-Add Companies. According to an Alcoa spokesperson, Kawneer should not be affected by the changes and is expected to operate business as usual in the near future.
The Upstream Company will operate under the Alcoa name. The Value-Add Company will be named prior to closing.
“In the last few years, we have successfully transformed Alcoa to create two strong value engines that are now ready to pursue their own distinctive strategic directions,” says Klaus Kleinfeld, chairman and CEO. “After steering the company through the deep downturn of 2008, we immediately went to work reshaping the portfolio. We have repositioned the upstream business; we have an enviable bauxite position and are unrivalled in alumina, we have optimized aluminum, flexed our energy assets, and turned our casthouses into a commercial success story. The upstream business is now built to win throughout the cycle. Our multi-material value-add business is a leader in attractive growth markets. We have intensified innovation, made successful acquisitions, shed businesses without product differentiation, invested in smart organic growth, expanded our multi-materials profile and brought key technologies to market; all while significantly increasing profitability.”
Upon completion of the transaction, Kleinfeld will lead the Value-Add Company as chairman and CEO. He will also serve as chairman of the Upstream Company for the initial phase. Each company will have its own independent board of directors that will include members of the current Alcoa board. Full management teams and boards for both companies will be named in the months leading up to the launch of the two companies in the second half of 2016.
Deceuninck North America Breaks Ground in Reno
Deceuninck North America has begun its Western U.S. expansion with its recent groundbreaking in the Reno, Nev., area. The company’s first Western U.S. manufacturing facility will be located in Fernley, Nev. Its soon-to-be 150,000-square-foot facility with a rail spur will be able to accommodate up to 24 extrusion lines. The facility, which will sit on a 28-acre site, will accommodate extrusion, manufacturing support, offices and a warehouse. It is scheduled to open in the second quarter of 2016.
A groundbreaking ceremony marked the company’s official entry into the Western market and featured a reception and lunch on September 19 at the Hyatt Place Reno-Tahoe Airport.
The company is also increasingly focusing on the commercial market with the launch of a new support program designed to connect fabricators with the commercial design, specification, construction and renovation markets. “Deceuninck Commercial” is an integrated fabricator member program comprised of technical, engineering, marketing and sales support that helps fabricators take advantage of commercial opportunities.
Filip Geeraert, president and CEO of Deceuninck North America says “… the push for thermal performance and sustainability in commercial fenestration has created a new and growing opportunity for leading-edge PVC window products developed for the commercial marketplace.”
Tom Debusschere, CEO of Deceuninck Group; Scott Gunnell, senior supply chain manager, Deceuninck North America; Bill Jones, new plant manager at Deceuninck North America in Fernley; Honorable Roy Edgington Jr. of the City of Fernley; and Filip Geeraert, president and CEO of Deceuninck North America all took part in the company’s Western expansion groundbreaking.
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