Company Acquires Bilco
yman PLC, parent company of commercial and residential access a critical role in providing solutions for
door and window component products from its existing facilities.
manufacturer AmesburyTruth, “Bilco is a very good ﬁt for our busi- cial and residential segments, enabling
entered into a deﬁnitive agreement to ness,” says AmesburyTruth president AmesburyTruth to play a greater role in
acquire the Bilco Co. for $71 million. and CEO Jeff Graby.“The products play providing a total solutions package.”
Terms were effective July 1, 2016.
According to a release from Ames- BASF Purchases Chemetall
building openings in both the commer-
buryTruth, the acquisition will enable
the company to “broaden its com-
mercial product portfolio and further
penetrate the commercial market seg-
ment.” Bilco is a supplier of specialty
access products for the commercial
and residential markets.
Albemarle Corp. signed a deﬁnitive agreement to sell its Chemetall Surface
Treatment business to BASF for approximately $3.2 billion. The transaction is
subject to regulatory approvals and other customary closing conditions and is
expected to close by the end of 2016.
“The sale of Chemetall reﬂects Albemarle’s continued commitment to max-
imizing shareholder value by investing in the future growth of our high-priority
businesses, reducing leverage and returning capital to shareholders,” says
Albemarle president and CEO Luke Kissam. n
Bilco will continue to manufacture
USGlass, Metal & Glazing | August 2016