Mergers Acquisitions  
&
Koch Industries Acquires Full  
Ownership of Guardian Industries  
uardian Industries Corp. and Guardian Industries’ common stock not president and CEO of Guardian. “Our  
Koch Industries Inc., announced already owned by affiliates of Koch.  
that Guardian stockholders have “Guardian Industries and its em- ing culture,global footprint and supply  
approved the acquisition of the company ployees have proudly served custom- chain.We are excited to continue work-  
by KGIC Merger Corp., a wholly owned ers for 84 years, and we have benefited ing together to create value for our cus-  
subsidiary of Koch Industries. The deal a great deal from Koch’s robust guid- tomers and society,” said Vaupel.  
is an all-cash transaction for the remain- ance and infrastructure since its initial  
companies align in many areas includ-  
G
ing 55.5 percent of outstanding shares of investment in 2012,” says Ron Vaupel,  
continued on page 14  
Consolidated Glass Holdings Acquires  
Majority Interest in J.E. Berkowitz LP  
ot every family business moves and several nieces and nephews who equity position going forward, our family  
to the hands of the next gen- are successful in their chosen careers keeping the real estate and my current  
eration. That was the case for and none were interested or expressed position in managing operations in Ped-  
N
J.E. Berkowitz LP (JEB), which sold a the desire to enter this business. We ricktown, N.J.”  
majority interest in its ownership to have a board of advisors; we reviewed  
Paul Cody, president and CEO of CGH,  
Consolidated Glass Holdings (CGH) [the situation] with them and the rec- added, “On behalf of all the employees  
group, an affiliate company of private ommendation was made to hire a third at CGH, we are excited and honored to  
equity group Grey Mountain Partners party (an investment banker) to look at be joining forces with Arthur and the em-  
(
GMP). The combined CGH-JEB will different options.”  
ployees of JEB,” Cody said. “Arthur and  
consist of 1,000 employees at eight  
One of the options was the sale of his team have built a leader in the fabri-  
manufacturing locations occupying the company.  
00,000 square feet of plant space, “We chose to explore the sale of tion for manufacturing quality products  
and offer a wide variety of processes, the company and began that process and delivering top-tier customer service.  
products, capabilities and capacity. in early 2016, managed by the invest- The combination of JEB and CGH estab-  
cation industry, with an excellent reputa-  
9
Arthur Berkowitz, executive vice ment banker,” he said. “They found six lishes an industry-leading company that  
president of JEB, is the company’s interested companies that we had initial can produce a wide range of products to  
third generation owner/manager, meetings with and reviewed proposals serve multiple market segments.”  
leading for more than 40 years.  
in the first quarter of 2016. Within those  
Berkowitz added, “Personally, I am  
In an exclusive interview with six there were two classifications: pri- still excited and passionate about my  
USGlass magazine, Berkowitz ex- vate equity and strategic partnerships. company, its employees and the indus-  
plained that discussions about the We narrowed that list down to two, both try. I feel I have a lot to contribute and  
company’s future began in early 2015. private equity, and in early August we hope to be here for years to come. I will  
When my father [Ed Berkowitz] was entered an exclusive agreement with continue to stay active in the industry,  
still alive and chairperson we came one candidate and 90 days later we in GANA and Centric. From a business  
to a conclusion that, from a succes- made the announcement that we com- standpoint, our mission and focus of  
sion standpoint, there would not be a pleted a transaction with Grey Mountain being a premier, high-end architectural  
fourth-generation family member in- Partners, which has a portfolio group glass fabricator is undiminished and I  
volved or managing the business,” he called Consolidated Glass Holdings. plan to make sure we stay strong in this  
said. “ I have three talented children The transaction involved me keeping an area and continue to grow our platform.”  
12  
USGlass, Metal & Glazing | December 2016  
www.usglassmag.com  
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