A rumor had been floating out there for a while about two major glass companies. In fact rumors surrounding both companies are almost like a cottage industry. Now the “rumor” has hit the main stream news. I am talking about PPG and Vitro—more specifically, about PPG selling its flat glass division to Vitro. The Pittsburgh Post-Gazette acquired an independent auditors report and then released a story late last Friday night. Obviously this does not mean a sale is imminent. We don’t know exactly what sort of report it was, as the story doesn’t dig into specifics. But the fact the Post-Gazette ran with this story is very interesting. It now brings this backroom discussion to the public. We’ll see if this marriage happens or if something else swerves in its way. In any case this will be one to watch.
- We are halfway through the year, so let’s do some looking back and some peering ahead. 2016 got underway with some early weather issues and dropping oil prices. Both of those items were especially unkind to the great state of Texas. Bird friendly glazing continued to be in the news and growing in the minds of designers, building owners and consumers. Hopefully it will find more usage as well. Also in the first half of the year, another successful industry gathering at BEC, ending an incredible run of success by Jon Kimberlain of Dow Corning in the lead of that event. From an overall economic side, both residential and nonresidential starts and put-in-place are running ahead of forecasts and the analysts are bullish. The ABI and DMI also looked solid during Q1 and 2.
Now looking ahead, will oil prices stay low or start to grow? The bi-annual glasstec in Germany hits in September, and I’ll be curious on where the vibe is there, especially given the whole “Brexit” adventure in play. GlassBuild America goes a month later than usual this year and is bigger than ever, with bigger floor space, more exhibitors, and tremendous innovation and networking to be had. That’s in October. I still expect other acquisition news to hit (aside from mentioned above), though being a major sellers’ market, there may be some delay in any of that happening with valuations a lot higher than folks would like to pay. Of course, no looking ahead can happen without the one thing that most likely will be life changing. The 2016 Presidential election. No words can probably describe that one accurately. Anyway it should be an interesting run to 2016. Buckle up!
- Speaking of GlassBuild, just a reminder about the Glazing Executives Forum. Two great keynotes (George Hedley and Ken Simonson) and “Solution Sessions” are lined up that will be well worth your time. Learn more and join the growing registration list.
- The winners of the Glass Magazine photo contest are out, and I loved the winner—a picture of glass after going through a two hour fire test. It's just an awesome shot overall. This contest was a fun one, and I expect it grow and be even better in the future. Our industry has a ton of great looking and innovative pieces. Let’s keep pounding our chests and show it off!
- I’m a bit late on this, but congrats to Bobby Hartong and his family, his partner and my brother Steve, and everyone at WA Wilson in West Virginia on their 175th Anniversary! Yes, 175 years. It's an amazing accomplishment and could not have happened to nicer folks too. That party in 25 years for the 200th will be a wild one.
- If you have the slightest interest in the growing 3D printing world, this link is for you. A ton of great insight and resources in one place thanks to Benesch Law and my good pal and industry supporter Rick Kalson.
- Last this week, here is an interesting article on the Las Vegas building market and how the tall residential towers are not in the future plans. I wonder if this same fate awaits Toronto? Eventually there’s just too much.
Max Perilstein is founder of Sole Source Consultants, a consulting firm for the building products industry that specializes in marketing, branding, communication strategy and overall reputation management, as well as website and social media, and codes and specifications.E-mail him at MaxP@SoleSourceConsultants.com.
The opinions expressed here are those of the individual author and do not necessarily reflect those of the National Glass Association, Glass Magazine editors, or other glassblog contributors.