The Year in Review: Top News from 2016
2016’s top industry news headlines reveal a North American glass market that is in a period of change led by consolidation, investment and expansion. The year saw the sale of several prominent, long-standing glass companies at both the float and fabricator level. Numerous companies announced major investments and expansions to meet demand, including demand for more value-added products, such as oversized glass. Below, Glass Magazine presents a compilation of the most-clicked news stories of 2016 from GlassMagazine.com.
- Vitro Acquires PPG’s Flat Glass Business, Invests in Jumbo MSVD Coater
On Oct. 1, 2016, Vitro, S.A.B. de C.V. successfully concluded the acquisition of PPG's flat glass business. The deal includes PPG’s entire flat glass manufacturing and glass coatings operations in the United States and Canada. Vitro also announced the expansion of its coating production capability with the construction of a jumbo MSVD glass coater, which will be built at an existing location of the newly acquired business.
- Guardian Announces Full Acquisition by Koch, Installation of New Jumbo Coater
On Nov. 21, Guardian Industries Corp. and Koch Industries Inc. announced that Guardian stockholders approved the acquisition of the company by KGIC Merger Corp., a wholly owned subsidiary of Koch Industries, for the remaining 55.5 percent of Guardian Industries’ common stock not already owned by affiliates of Koch. Guardian officials also announced plans to install a jumbo coater in North America.
- J.E. Berkowitz Joins Consolidated Glass Holdings
J.E. Berkowitz LP joined Consolidated Glass Holdings Inc. an affiliate company of private equity group, Grey Mountain Partners. The deal was announced Nov. 3. The combined CGH-JEB will consist of 1,000 employees at eight manufacturing locations occupying 900,000 square feet of plant space, and offer a wide breadth of processes, products, capabilities and capacity, according to the announcement.
- Trulite Acquires VFG Group
In March 2016, Trulite Glass & Aluminum Solutions finalized the acquisition of Quebec-based VFG Group, a regional fabricator of architectural, industrial, commercial and custom applications. With the completion of this transaction, Trulite will increase its presence in the Canadian market.
- CRL Opens CRL-U.S. Aluminum Super Center in Atlanta
In March 2016, C.R. Laurence officials announced the completion of its new 105,000-square-foot CRL-U.S. Aluminum Super Center in Atlanta, Georgia. The Super Center combines a CRL Service Center and a U.S. Aluminum Service Center in the region.
- Chinese Fabricator WHTB Glass to Build First U.S. Facility in Brookhaven, New York
Chinese architectural glass fabricator WHTB Glass LLC an affiliate of Beijing Wuhua Tianbao Glass Co., announced plans in early 2016 to open its first U.S. operation in the Shirley industrial park in Brookhaven, New York. WHTB intends to build and equip a 44,000-square-foot building on a vacant 4.2-acre parcel of land, pending agreement to the sale by owner Tritec Real Estate Co.
- Aldora Aluminum and Glass Products Acquires Louisville Plate Glass
Officials from Aldora Aluminum and Glass Products announced the acquisition of Louisville Plate Glass Co. The purchase was completed in early 2016, according to a company release. The acquisition coincides with an expansion for LPG, as it will move into a new, 60,000-square-foot manufacturing facility that will allow the company to add much-needed tempering capabilities.
- American Insulated Glass Expands Georgia Facility
American Insulated Glass officials announced in February 2016 that the company is increasing production capacity at its Conley, Georgia facility, with a 32,000-square-foot facility expansion. The production space adds to AIG’s current 40,000 square feet.
- Cardinal IG to Build Manufacturing Facility in Arizona
Cardinal IG Cos. plans to develop a 250,000-square-foot, build-to-suit advanced glass manufacturing facility, in Buckeye, Arizona, where it has purchased 77 acres of land, according to an Aug. 26, 2016 article from Commercial Property Executive. The property offers Cardinal an easily accessible site, which allows the company to efficiently serve California and other regional markets, according to the article.
- Court Blocks Saint-Gobain’s Sika Takeover Bid
A Swiss court sided with management of Sika in a decision to block the company’s family owners from selling their controlling stake to Saint-Gobain, according to an Oct. 28, 2016 article in the Financial Times. Saint-Gobain announced it purchased the family holding in Sika for $2.8 billion in December 2014. The deal was completed without the knowledge of the Sika board and management, and has prompted a two-year battle, with Sika filing appeals and lawsuits in an attempt to block the deal.