Latest News in Retail Glass

  • Patriot Glass & Mirror Ltd., a commercial glass company in Schenectady, N.Y., has filed for bankruptcy but remains open, according to a July 29 report in The Business Review.According to the article, revenue for the company dropped in the aftermath of the recession, as construction slowed down. Revenue in 2009 was $10 million, but declined to $7.4 million in 2010, according to court papers."...
  • Officials from Saint-Gobain said the company is confident it will reach its 2011 goals, reporting that net profits rose to EUR768 million ($1.1 billion) for the first half of the year, up 53 percent from the same period last year, according to a July 28 article from the Dow Jones Newswires. Revenue and operating income were also up in the first half. 
  • Graham Partners, a private investment firm, has acquired Chelsea Building Products from the Tessenderlo Group. Chelsea, based in Oakmont, Pa., designs and extrudes vinyl window and door profiles. Terms of the transaction were not disclosed, according to a July 25 Window & Door report.Based in Newtown Square, Pa., Graham Partners manages approximately $1.5 billion in investments, focusing on...
  • Vitro SAB, the Mexican glassmaker that defaulted on $1.2 billion in bonds, won approval of a U.S. bankruptcy petition that will focus the fight over its restructuring in a Mexican court, according to a July 21 Bloomberg report.Bondholders wanted to block U.S. recognition of the Mexican proceedings because they object to Vitro's decision to use $1.9 billion of intercompany debt to gain a majority...
  • KL megla officials announced the company has purchased the assets of Custom Hardware Manufacturing Inc., which closed in late 2009 due to financial problems. KL megla, the German multinational hardware manufacturer with U.S. headquarters in Oxnard, Calif., will continue to manufacture and distribute much of the CHMI hardware line of products, according to a release.In addition, the company is...
  • Arch Aluminum and Glass, ACI Glass Products (formerly Vitro Architectural Products) and United Glass Corp. have combined and re-emerged as Trulite Glass & Aluminum Solutions, according to a July 21 release. The new company--formed through acquisitions made by private investment firm Sun Capital Partners--will continue to service the commercial glazing market through its various...
  • PPG Industries reported sales for the second quarter of 2011 of $4.0 billion, an increase of 15 percent versus the prior year's second quarter. Net income for the quarter increased to $340 million versus $272 million in second quarter 2010, according to a July 21 company release."Our strong execution during the quarter enabled us to deliver excellent financial performance, including record...
  • Western Window Systems launched a new website at www.westernwindowsystems.com. The site provides user-friendly navigation through the company's product lines and project types, and includes product section details, elevations and other features for the architectural community, according to a release. The site evolves daily with product updates, company news, a Twitter feed, photos...
  • The American Institute of Architects reported the June Architecture Billings Index score was 46.3, almost a full point off the 47.2 score it posted in May, reflecting a continued decrease in demand for design services, according to a July 20 AIA release. On the bright side, the new projects inquiry index was 58.1, up sharply from a mark of 52.6 in May."This seems to be a case of not thinking it...
  • Q&A with Lloyd Talbert, president of C.R. LaurenceHow long do you anticipate it will be until U.S. Aluminum is back up and running?As of yesterday, we are back up and running at all but one U.S. Aluminum facility. We are moving the Los Angeles facility to a new building across the street from our manufacturing headquarters, and we anticipate opening in the next week or so. The other nine...
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What's Hot

  • Officials from Saint-Gobain announced it acquired a controlling interest in Sika for $2.8 billion. Saint-Gobain purchased the controlling share—16.1 percent of Sika’s capital and 52.4 percent of its voting rights— in a confidential auction process from the Burkard-Schenker family, which owns the majority stake in Sika, according to a Dec. 8 Reuters report.“Given the proximity of Sika’s activities...
  • Trulite Glass & Aluminum Solutions LLC has finalized its acquisition of Houston-based Texas Tempered Glass Inc., a producer of high performance glass products for architectural, industrial, commercial and custom applications, as of Nov. 19, 2014. Financial terms of the private transaction were not disclosed.With the completion of this transaction, Trulite will expand its presence in the Texas...
  • Things are looking up for the worldwide glass industry, as an optimistic outlook and overall mood permeated the show floor during glasstec 2014, held Oct. 21-24 in Düsseldorf, Germany. Following glasstec 2012, a successful event in the face of economic uncertainty, glasstec 2014 indicated positive market developments after several years of a sluggish North American and worldwide economy....