Mergers Acquisitions  
&
Apogee Increases Canadian  
Presence with Sotawall Acquisition  
pogee Enterprises Inc. ac- team will remain in place.  
with Apogee to capitalize on opportu-  
According to Puishys, Sotawall has nities to grow Sotawall Limited.”  
Sotawall is Apogee’s eighth inde-  
designer and fabricator of unitized tectural glass business Viracon for pendent operating unit and will be  
curtainwall systems, for approxi- more than 20 years. He said the addi- reported as part of its architectural  
mately $135 million. It will operate tion will expand Apogee’s geographi- framing systems segment. The new  
quired the assets of privately  
held Sotawall Inc., a Canadian been a customer of Apogees’s archi-  
A
as Sotawall Limited within Apogee.  
cal presence in areas “where we have unit will be included in its fiscal 2018  
Apogee CEO Joseph F. Puishys not been strong,” including Canada financial reports.  
said the company “couldn’t be more and the Northeast region of the U.S.  
Puishys said Apogee doesn’t need  
excited” about the purchase, noting It will also allow Sotawall to target to make any significant capital in-  
Sotawall’s “strong customer relation- markets in which it is not currently vestments into Sotawall, as Speck has  
ships, stellar management team and competing.  
already “invested heavily” into its pri-  
stellar employee group.” “We are pleased to be joining forces mary Toronto facility. “They’ve made  
The 25-year-old Sotawall generates with Apogee, a strong company that significant investments in automation,”  
annual revenues of approximately is also known for its leadership and he said.“It’s a new facility, pristine and  
$
100 million, supplying curtainwall integrity in commercial construction well-run.”  
for commercial construction proj- markets,” Juan Speck, president, owner  
ects in Canada and the U.S. The To- and founder of Sotawall,said in a state- Madico Acquires  
ronto-based company’s management ment. “We look forward to working ClearPlex Corporation  
Madico Inc., a manufacturer of  
window films, has signed a definitive  
agreement to acquire select assets of  
ClearPlex Corp., a supplier of protec-  
tion films based in Draper, Utah.  
Tecnoglass Expands in the U.S.  
ClearPlex markets and distributes  
optically clear, patent-pending glass  
protection films and related products  
for use in the transportation and elec-  
weicntohglasEs I.nSc. o.f WBarrainnqudillao, CwolomsbiaA, hcasqacuquiirsediMtiiamoi-nbased  
E.S. Windows (ESW), the largest importer and reseller of Tecnoglass  
products in the United States.  
tronic markets throughout the world.  
The agreement combines the  
strengths of Madico and ClearPlex, by  
leveraging Madico’s global network  
and resources with ClearPlex’s product  
and application expertise, according to  
the announcement.  
T
The acquisition was completed for $13 million. This consisted of  
34,400 ordinary shares issued in connection with the transaction at an  
aggregate value of approximately $8.7 million based on the closing price  
of Tecnoglass shares on December 2, 2016. It also included $2.3 million  
in cash and $2 million related to the assignment of certain account receiv-  
able assets.  
7
The consolidation of ESW marks another milestone in our efforts to gen-  
Mesker Openings Now  
Part of dormakaba  
erate shareholder value,” says José M. Daes, CEO of Tecnoglass. “This acqui-  
sition further enhances our vertically integrated operations and allows us to  
more efficiently serve our rapidly expanding U.S. customer base. We are espe-  
cially pleased to complete this transaction on favorable terms to Tecnoglass,  
which we expect to be immediately accretive to earnings. With this transaction  
complete, we believe we are now better situated to continue growing reve-  
nues, strengthening our operations and investing capital wisely to produce  
attractive returns.”  
Switzerland-based dormakaba ac-  
quired Mesker Openings Group, a  
U.S. commercial door and hardware  
company based in Huntsville, Ala., for  
$142.5 million.  
Mesker has five manufacturing and  
distribution facilities in various re-  
14  
USGlass, Metal & Glazing | January 2017  
www.usglassmag.com  
gions of the U.S. It has approximately  
00 employees and generated turn- sition,” says Mike Wallace, president of  
over of approximately $67 million Quality Metalcrafts.“The acquisition is and his employees to Dwyer Group,”  
“We are excited with our first acqui- New Hampshire.  
“We are happy to welcome Ken  
4
in 2015.  
a great fit for us.”  
says Mike Bidwell, president and  
CEO. “We believe the combined  
businesses will now be even more  
Quality Metalcrafts  
Acquires Bonded  
Technology  
Dwyer Group Acquires  
Cumberland County Glass competitive in this important com-  
The Dwyer Group Inc. completed mercial glass projects market.”  
Rogers, Minn.-based Quality Metal- its acquisition of Cumberland County  
Boucher will assume the newly cre-  
crafts/Americlad has acquired the as- Glass(CCG)foritsPortland,Maine,glass ated position of director of commer-  
sets and intellectual property of Bonded network.  
cial accounts for the larger network.  
TechnologyCorp.,whichmarketsalineof  
CCG, founded and owned by Ken He will report to Steve Butler, who  
laminated insulating and non-insulating Boucher, will extend its commercial was promoted from vice president  
panels to the architectural construction glass expertise to Portland Glass lo- and general manger to president of  
market.  
cations across Maine, Vermont and Portland Glass. s  
YIONURFPIALNELLINNEEGDS”  
SINCE 1952  
As glazing contractors, it can be a challenge  
to meet demanding schedules and budgets. With  
so much riding on every project, the last thing you  
need to worry about is your infill panel provider.  
At Mapes, we understand the challenges you face.  
So, for over 60 years, we have been working hard  
every day to deliver the glazing industry’s highest  
quality infill panels and unmatched support that  
you need to get the job done right.  
8
00-228-2391  
WWW.MAPESPANELS.COM  
www.usglassmag.com  
January 2017 | USGlass, Metal & Glazing  
15  

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