Mergers Acquisitions  
&
Bavelloni to Purchase Part of  
Glaston’s Pre-Processing Operations  
avelloni SpA has begun nego-  
tiations to purchase Glaston  
Corp.’s pre-processing business  
B
in the U.S. and Canada.  
According to a release from Bavel-  
loni, the move is aimed to consolidate  
its presence in the U.S. and Canada,  
where it is currently represented by  
Glaston America. The companies are  
also defining the renewal of their col-  
laboration in which Glaston acts as the  
official Bavelloni distributor in Mexico,  
Brazil and Singapore.  
The American market has always Bavelloni SpA is in negotiations with Glaston Corp. to purchase of the company’s  
been very important to the Bavelloni glass pre-processing business in the U.S. and Canada.  
brand,” says Franco Pirola, sales di-  
rector and partner of Bavelloni SpA. months, and it will continue to be so ations, in 2003 and the company was  
further expand our presence and our At press time, negotiations were not  
This transaction will enable us to even in the future.”  
sold to its local management in 2015.  
business in the United States and yet finalized. Glaston acquired the Ital- Miner Corp. Completes  
in Canada. The collaboration with ian company Z. Bavelloni SpA, which NG&G Acquisition  
Glaston has been crucial in the last 18 specialized in pre-processing oper-  
National Glass & Gate (NG&G), one  
of the original “flat glass network”  
companies, has been sold to Miner  
Corp. of San Antonio, Texas.  
NG&G, based in Lincoln, R.I., was  
Tecnoglass Purchases U.S. Glazier one of the first “flat glass network”  
companies found by Lionel (Nels)  
lass and glazing manufacturer Tecnoglass Inc. acquired Miami-based  
Giovanni Monti and Partners Consulting and Glazing Contractors Inc.  
(GM&P), a commercial consulting, glazing and engineering company.  
The transaction totaled $35 million.  
The GM&P team has been a strong partner to Tecnoglass over the past  
five years, making this acquisition a logical next step in our ongoing efforts to  
strengthen our position in the United States,” says Tecnoglass CEO José M.  
Daes. “This accretive addition fits well with our existing strategy as it augments  
our vertically integrated operations, enhances our distribution capabilities, and  
provides us with a unique opportunity to directly install value-add products in  
select projects. We look forward to integrating these operations into our plat-  
form, which we expect to add additional value for our shareholders.”  
In 2016, GM&P had revenue of approximately $137 million. Accord-  
ing to a release from Tecnoglass, “after giving effect to the elimination of  
inter-company revenues with Tecnoglass, [this] would have contributed  
approximately $50 million of net revenue to the company on a pro forma  
consolidated basis for that period.”  
Vachon more than 40 years ago.  
Miner Corp. is a subsidiary of Ma-  
terial Handling Services LLC and  
includes storefront glass and doors  
in its services, in addition to other  
commercial, security and warehouse  
solutions.  
G
briefly ...  
AWP Windows and Doors LLC and  
TM Windows announced that the  
two Florida-based manufacturing  
companies will merge and be known  
as Assura Windows & Doors LLC.  
The new company will be headquar-  
tered in Pompano Beach, Fla. n  
14  
USGlass, Metal & Glazing | April 2017  
www.usglassmag.com  

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