Volume 50, Issue 11 - November 2015

Mergers&Acquisitions

Texas Contract Glazier Signature Glass Acquired by Binswanger

Binswanger Glass, an affiliate of Grey Mountain Partners, has acquired Houston-based contract glazier Signature Glass Inc. Signature Glass specializes in curtainwall and window wall systems, storefront and entrance systems, and in-house fabrication of aluminum framing systems.

“We are privileged to partner with Mike and Sandy Skobla and all of Signature Glass’s employees to continue providing excellent glazing service to customers throughout the Houston metropolitan area,” says Tim Curran, CEO and president of Memphis, Tenn.-based Binswanger Glass. “This acquisition is representative of the strategic growth plan for Binswanger Glass, which comprises bolstering our presence in growing markets such as Houston, expanding into new geographies outside of our current footprint, and partnering with strong operators that have built a dependable team of glaziers.”

“Being a part of the Binswanger Glass family is the right fit for our company, our customers and our employees,” says Mike Skobla, president. “We have developed great relationships with general contractors and business owners within the Houston area, and now being a part of an organization with a contract glazing presence throughout all of Texas and 14 other states will allow us to continue to grow profitably.”

Signature Glass will continue to operate under its current name and as a division of Binswanger Glass.



PPG Grows Presence in Industrial Coatings


PPG Industries has completed its acquisition of IVC Industrial Coatings Inc. Financial terms were not disclosed.

“This acquisition brings industry-leading powder coatings and a best-in-class manufacturing capability that will strengthen PPG’s position in the industrial coatings market,” says Shelley Bausch, vice president, global industrial coatings. “We have been impressed with IVC’s strong customer focus and overall business performance, and believe that together we can offer even greater solutions for our customers.”

IVC, based in Brazil, Ind., focuses on the development, manufacture and sale of powder and liquid coatings for the general industrial segment.


SC Railing Acquires ARG

Minneapolis-based SC Railing Co. has acquired Fort Mill, S.C.-based Architectural Railings & Grilles (ARG). ARG has been designing and manufacturing modular and custom railing systems for high-end commercial buildings, as well as aluminum railings for high-rise residential buildings, for 15 years throughout the Southeastern states.
“By adding ARG to the SC Railing team, our customers and partners can expect the same great service while enjoying an even broader offering,” says Dan Stachel, vice president of SC Railing Co.
Page Dula, president of ARG, adds, “ARG has a proud history with great products and great people. SC Railing is widely known to be one of the leaders in our industry, and we’re excited to join their team.”
With its acquisition of ARG, SC Railing has expanded the number of railing system options it provides.



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