Sapa Acquires Arch Extrusion Plant, Closes
They say when one door closes, another opens.
In this case, as Sapa Extrusions North America sent a letter to customers
noting it would be closing its Vancouver, British Columbia, facility around
March 31, Sapa Profiles North America was announcing that it had completed
an asset purchase agreement to acquire the Arch Extrusion facility in
The letter sent to Vancouver-area extrusion customers noted that extrusion
production in Vancouver would be transferred to the company’s Portland,
The letter, signed by John Noordwijk, Sapa Extrusion general manager,
West region, reads, “We realize that the Sapa Vancouver plant has developed
and launched unique customer solutions in several markets despite low
volumes and profitability. Sapa will continue to deliver exceptional service
solutions, fabrication, anodizing and coating capabilities from its Portland
Patrick Lawlor, business area president of Sapa Extrusions North America,
is also quoted as saying, “While this was a difficult decision and we
realize that change is never easy for our employees or our customers,
we are committed to upholding excellent customer relations and offering
a wider range of products and services that is truly unique.”
Meanwhile, Sapa said in a statement on its facility acquisition from Arch
Aluminum & Glass, headquartered in Tamarac, Fla., that this agreement
demonstrates its continuing commitment to the North American extrusion
market. As a result, Sapa will be able to offer increased extrusion capacity
to serve customers in Florida as well as increased anodizing capability
throughout the Southeastern United States.
“This agreement gives us a greater presence throughout the Southeast,”
Lawlor says. “The acquisition will help us to provide the market more
responsive service and shorter lead times. We will be able to offer our
customers a range of extrusion products that is truly unique.”
The Arch facility includes two modern extrusion presses and an anodizing
line for both clear and electrolytic colored finishes that meet stringent
According to the statement, Sapa’s acquisition is intended to allow Arch
to focus on its core business of glass and metal fabrication throughout
the United States and Canada.
The Dwyer Group Inc. Acquired by TZP Capital Partners
The Dwyer Group Inc., the Waco, Texas-based parent company of the Glass
Doctor franchise, has been acquired by an investor group led by TZP Capital
Partners I, L.P., a private equity fund based in New York. The transaction,
valued at $150 million, closed December 23.
Mark Dawson, president of Glass Doctor, tells USGlass that this new partnership
will allow the Glass Doctor franchise to expand further in the United
States and Canada and hinted at further expansion opportunities for the
Dwyer Group as a whole.
“This will allow us to look at other businesses [in the home services
segment] that complement us,” says Dawson, while adding that TZP was an
attractive partner as it has a great deal of experience with franchises.
In addition to its franchise concepts, Dwyer also owns and operates 37
full-service glass stores in Maine, Vermont and New Hampshire. Dwyer’s
franchisees along with its company-operated stores account for nearly
$800 million in annual revenues.
Barber Buys Back Retail Operations, Mfg Assets Set for
John Barber has had one bit of good news since his company, Guelph, Ontario-based
Barber Glass Industries, was placed into receivership in November (see
December 2010 USGlass, page 12). He told USGlass in an interview that
a deal to buy back Barber Glass Retail from receiver Grant Thornton Ltd.
was completed successfully in early December.
However, Barber’s five attempts to purchase the remainder of the manufacturing
segment of the company from its receiver were denied, and on February
2 the Ontario Court approved a motion made by Grant Thornton to auction
off the assets of Barber Glass' facilities in Collingwood and Guelph,
“The Ontario Court granted the relief sought by the receiver in respect
of the assets of Barber Glass,” Daniel Sobel, manager, specialist advisory
services for Grant Thornton, told USGlass.
Dates will be posted online by the two auctioneers involved. Asset Engineering
will be auctioning the Guelph, Ontario, facility assets. The Danbury Group
will be auctioning the Collingwood, Ontario, facility assets.
Barber’s wife Susan made the fifth offer to buy back the company on January
21. The offer was deemed unacceptable by the Grant Thornton for a number
of reasons, according to court documents. First, it was less than the
aggregate value of the net minimum guaranteed amounts under the two creditor
agreements referenced. The agreement contemplated a nominal refundable
cash deposit that was not submitted with the offer. Court documents also
note that “although the fifth offer is not conditional on financing, Susan
Barber has failed to provide evidence of financing despite requests.”
Regarding the retail operation, Barber says, “That business was caught
up in the crossfire. They never had any issues. The issues were with our
friends at the Bank of Montreal.” Barber notes that the retail operation
accounts for 8 percent of the company’s annual sales.
Barber told USGlass in December that he had been working with government
and banking officials, and noted that he also has the support of many
industry suppliers in these efforts.
“It’s pretty odd the overwhelming support we have had from suppliers,”
Barber says. “Some said they will risk credit for a new operation, provided
I am in some form of management.”
Barber also offered additional details concerning the events leading up
to Grant Thornton placing the company into receivership.
“I thought we had a deal at the bank only to find out at last hour that
it didn’t happen,” says Barber, who is the company’s largest single stakeholder.
“We had the largest backlog and the largest receivable in the history
of company at the time of the receivership so it’s all hard for us to
understand,” he says.
C.R. Laurence Acquires Delta Doors
C.R. Laurence Co. Inc. (CRL) in Los Angeles has acquired Delta Doors in
Miami. Originally founded in 1996 by Jesus Martinez as a distribution
center for doors and storefront materials, Delta Doors later shifted into
manufacturing aluminum doors, windows and framing systems.
“Delta Doors is considered the ‘major force’ in doors and window wall
systems and is one of the few companies meeting all of Miami-Dade County
(Fla.) air, water, structural and impact requirements,” says Lloyd Talbert,
president of CRL.
According to the announcement, all Delta employees will be joining CRL,
including founder Jesus Martinez and Carlos Martinez, who has led the
sales efforts and managed production.
Central Glass to Purchase
Certain Zeledyne Assets
Zeledyne LLC announced the signing of definitive agreements for the sale
of its Nashville Glass Plant and Carlite warehouse operations and automotive
glass aftermarket business to Central Glass Co. Ltd. Central Glass is
a Japan-based manufacturer of automotive, architectural and other glass
The two companies expect the sale to close early this year. Terms of the
deal have not been disclosed.
Zeledyne has 1,300 employees working at three manufacturing plants in
Nashville, Tulsa, Okla., and Juarez, Mexico; warehouse operations in Lebanon,
Tenn.; and headquarters in Allen Park, Mich. Zeledyne exited the commercial
glass business in January 2010 (see February 2010 USGlass, page 10).
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