Mergers Acquisitions  
&
Dormakaba Purchases  
Stanley Commercial Hardware  
ormakaba announced it is ac-  
quiring certain mechanical se-  
curity businesses from Stanley  
Black & Decker for $725 million. The  
transaction will encompass Stan-  
ley Commercial Hardware, spanning  
mainly across North America and in-  
cluding a production facility in Taiwan,  
as well as GMT in China.  
D
This transaction builds on the Dor-  
makaba merger, which boosted our  
global market position, and the re-  
cently completed Mesker acquisition, With its acquisition of certain parts of Stanley Black & Decker, Dormakaba will  
which will expand our North Ameri- offer a full portfolio of door and hardware access control solutions.  
can offering to cover all essential door  
components including manual doors,” cial Hardware, we will add substantial hardware and access control solutions  
says Riet Cadonau,CEO of Dormakaba. scale,becoming a top-three provider in to our customers.”  
The transaction is expected to be  
portunity to acquire Stanley Commer- that can offer the full portfolio of door complete in the first quarter of 2017.  
“Now with this unique strategic op- the attractive North American market  
Vitro to Acquire  
PGW OEM Business  
Mexico-based glass manufacturer  
Vitro signed a definitive agreement  
to acquire the Pittsburgh Glass Works  
LLC (PGW) automotive Original  
Equipment Manufacturer (OEM) glass  
business from LKQ Corp. for approxi-  
mately $310 million.  
“We are pleased to have reached this  
agreement, our second acquisition in  
[2016], which is complementary to the  
recent acquisition of the construction  
glass business from PPG,” says Adrián  
Sada González, chairperson of Vitro’s  
board of directors.  
Prior to closing, LKQ will spin off  
and retain the aftermarket glass distri-  
bution business, which will not be part  
of the transaction, according to Vitro.  
The acquisition will be funded with  
$80 million cash and a $230 million  
loan from BBVA Bancomer.  
Linde and Praxair  
Announce Merger Plans  
he Linde Group and Praxair Inc., two global leaders in the industrial gas  
industry, have announced they will merge. Both companies supply inert  
gases used in insulating glass units, such as argon and krypton.  
According to a joint release from Munich, Germany-based Linde and Dan-  
bury, Conn.-based Praxair, the newly combined entity will have revenues of  
approximately $30 billion and a current market value of more than $65 billion.  
The parties expect to complete their internal approvals and execute a defin-  
itive agreement in the first half of 2017.  
According to the joint release, the combined company would be governed by  
a single board of directors with equal representation from Linde and Praxair.  
Linde’s supervisory board chairperson, Dr. Wolfgang Reitzle, would become  
chairperson of the new company’s board, and Steve Angel, Praxair’s chairper-  
son and CEO, would become CEO and a member of the board of directors.  
The combined company would adopt the globally-recognized Linde name  
and be listed on both the New York Stock Exchange and the Frankfurt Stock  
Exchange. The new holding company would be formed and domiciled in a  
neutral member state of the European Economic Area. Corporate functions  
would be appropriately split between Danbury and Munich.  
T
Vitro is acquiring seven manufac-  
turing plants, two satellite facilities  
16  
USGlass, Metal & Glazing | February 2017  
www.usglassmag.com  
Pulp Studio Merges with  
California Glass Bending  
ulp Studio Inc. completed the merger of sister company Vitracor, doing  
business as California Glass Bending, into its operations. The compa-  
nies will now all be under the Pulp Studio umbrella and located in a new  
and two float glass furnaces in the  
United States, as well as one man-  
ufacturing plant in Poland and an  
equity share in two joint ventures  
located in North America and China.  
On a pro forma basis, this transac-  
tion, together with the recent acqui-  
sition of the PPG architectural flat  
glass business, would have resulted  
in sales and EBITDA of $2.2 billion  
and $378 million, respectively, based  
on 2015 pro forma figures.  
P
150,000-square-foot facility in Gardena, Calif.  
According to a company release, the merger and new facility cap off Pulp  
Studio’s 20th anniversary year with a $13.5 million investment that includes a  
large chemical tempering tank, high-speed, oversized direct-to-glass printing,  
oversized laminating and a new oversized bent and flat tempering furnace.  
“I think it is safe to say that Pulp Studio will have the only facility in the world  
where, under one roof, you will be able to print, bend, slump and temper glass of  
all shapes and sizes on this large scale,” says Pulp Studio founder Bernard Lax.  
In 2012, Pulp Studio bought California Glass Bending to combine specialty  
glass and bending under the same roof. In 2014 it built an 8,000-square-foot  
facility to produce Switchlite Privacy Glass.  
Allstate Glass  
Under New Ownership  
Correction  
Mitch Wallace and partners have  
In the listing of the nation’s top 50 contract glaziers in the January 2017 issue,  
purchased Allstate Glass Co. of Bir- the rankings of two companies were juxtaposed.In the interest of clarity,below is  
mingham, Ala. Wallace, a glazing in- the listing with companies in the correct order. USGlass regrets the error.  
dustry veteran, is currently working 1. Permasteelisa  
through the transition with longtime 2. Enclos  
26. Dynamic Glass LLC  
27. Metropolitan Glass Inc.  
28. C/S Erectors Inc.  
Allstate Glass owner Mike Plant.  
3.Walters & Wolf  
Allstate Glass has been in operation 4. Harmon Inc.  
since 1970,when it was founded by Mike 5. Benson Industries Inc.  
Plant’s father, Sam. Mike Plant plans to 6.W & W  
29. R&R Window Contractors Inc.  
30. National Enclosures Co. LLC  
31. LCG Facades  
32. H.J. Martin & Son Inc.  
33. TEPCO Contract Glazing Inc.  
34. Egan Company/InterClad  
35.Alexander Metals Inc.  
36. High Rise Glazing Specialists  
37.Koch Corp.,a Strong Tower Company  
38. Ford Metro  
retire after the transition is complete.  
7. Binswanger Glass  
We are thrilled at the prospect of 8.Architectural Glass & Aluminum  
this acquisition and what it will bring 9. Karas & Karas  
to Allstate Glass,” says Mike Plant. 10.Alliance Glazing Technologies  
We look forward to seeing Allstate 11. Massey’s Plate Glass & Aluminum  
further expand its ability to service Inc.  
our core customers as it moves into 12. Pioneer Cladding and Glazing  
the future.” Systems  
39.Advanced Performance Glass Inc.  
40. Dothan Glass Co. Inc.  
41. Sunset Glazing  
Wallace will assume the role of pres- 13. Kovach Building Enclosures  
ident of Allstate Glass and brings more 14.W.L. Hall Co.  
than 27 years of glass and glazing exec- 15. Haley-Greer  
42. Curtis Glass Co.  
utive experience.  
16.Admiral Glass Co.  
43. Galaxy Glass & Aluminum  
44.Ace Glass  
“I look forward to being part of the 17. TSI Corporations  
Allstate Glass Company team, which 18. Giroux Glass Inc.  
has had a strong presence in Birming- 19.Ajay Glass Co.  
ham and surrounding areas over the 20. Glass Solutions Inc.  
past 46 years,” says Wallace. “It is an 21. Cherry Hill Glass Co. Inc.  
exciting prospect to not only grow and 22. Josloff Industries LLC  
expand relationships with our current 23. Crawford-Tracey Corp.  
core customers, but also cultivate new 24.Architectural Wall Systems LLC  
45. Palm Beach Specialties Inc.  
46. Specified Systems Inc.  
47. Midland Glass Co.  
48. Graboyes Commercial Window  
49. TIE:  
Bacon & Van Buskirk  
Spring Glass and Mirror Ltd.  
50.Vision Enclosure Walls Inc. n  
opportunities.”  
25. SPS Corp.  
www.usglassmag.com  
February 2017 | USGlass, Metal & Glazing  
17  

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