Bavelloni to Purchase Part of
Glaston’s Pre-Processing Operations
avelloni SpA has begun nego-
tiations to purchase Glaston
Corp.’s pre-processing business
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
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
USGlass, Metal & Glazing | April 2017