Glass Industry Reacts to Quanex
Purchase of Edgetech I.G.
When Quanex Building Products Corp. announced
in late January that it signed a definitive agreement with Lauren International
to acquire Edgetech I.G. Inc. for $107 million in an all-cash transaction
(see January/February 2011 USGlass, page 6), everyone in the industry
started asking questions, the answers to which are still forthcoming.
For example, how will competitors Edgetech and Truseal be integrated together?
Several industry members who wished not to be identified publicly told
USGlass magazine that until they know how, or if, the two companies and
technologies will be melded together, there isn’t much to say.
Others did already have opinions to voice, and that includes Bob Pecorella,
president of Northern Building Products in Teterboro, N.J., a long-time
“It is savvy of Quanex to put Edgetech/Truseal under one roof,” Pecorella
says. “Northern has been a user and supporter of warm-edge flexible spacer
technology for more than two decades. Having them together under the same
ownership is an unbeatable combination of the foremost technology for
insulating spacer for our industry. They are very smart about doing this.
It’s a win-win, except for those not making a warm-edge flexible spacer.”
Another question is how the uniting of two major spacer suppliers will
affect the competition.
GED is a competitor to both companies on the spacer side, and Dan Reinhart,
director of sales, says his reaction was mixed when he heard the news.
“I was surprised, although [I thought] nothing surprises me anymore in
this industry,” he says.
Reinhardt agrees that there are many questions that need to be answered.
“I think there was surprise and shock in the industry,” he says. “Customers
are worried, ‘what if they eliminate my product line?
How will it affect my pricing?’ They [executives of both companies] said
the right things—that they are looking for growth. I still think there
are a lot of questions though.”
Gerhard Reichert was involved in Edgetech at its inception and is credited
for helping invent Edgetech’s Super Spacer® product. He now serves
as president of industry competitor Glasslam.
“I was inside Edgetech for many years so I know ideas of selling have
been floated around in the past. But as to when it would happen was news
to everyone,” Reichert says.
So was he surprised Edgetech was sold to Quanex?
“Yes and no,” Reichert says. “It’s a mixed bag. There are always changes
in this industry. Mergers and acquisitions bring about different dynamics
and this merger of two competitors will as well.”
Guardian and Infinite Edge Sign Joint Development Agreement
Guardian Industries and Infinite Edge Technologies LLC (IET) have signed
a joint development agreement to commercialize IET’s InfiSpace™ warm-edge
spacer system. The companies will collaborate to introduce IET’s newly
developed spacer system into the global marketplace.
According to the announcement, Guardian group vice president Scott Thomsen
confirmed Guardian’s purchase of the first automated application system
designed to utilize IET’s InfiSpace spacer system at the 2010 glasstec
show in Düsseldorf, Germany. The equipment is expected to be operational
at one of Guardian’s fabrication facilities this year.
“With Guardian’s global presence and keen focus on new technology, it
is an excellent partner in helping IET introduce the InfiSpace, warm-edge
spacer system to the global marketplace,” says Eric Rapp, IET’s chairman
and chief executive officer.
Thomsen adds, “From our initial review of IET’s technology, we identified
their system as having tremendous potential in the marketplace and are
excited to be working closely with IET to introduce the system.”
Sika Forms Facades, Fenestration & IG Business
Sika Corp.’s Industry Products Division has established a facades, fenestration
and insulating glass business unit, serving the needs of customers in
the North American marketplace. This action follows the announced acquisition
of May National in October 2010 (see November 2010 USGlass, page 12).
The new business unit has a dedicated sales force specific to the market
segments and will operate from Lakewood, N.J.
The new unit is headed by Scott Henry, senior vice president of Sika Industry
The company also has announced the opening of a new 200,000-square-foot
warehousing facility at its Marion, Ohio, location.
The facility features a consolidated shipping point and expedited material
flow. The new facility serves as one of several centralized distribution
centers for nine business units including flat glass products.
The former warehousing space occupied in the plant will be converted to
additional manufacturing capacity.
PGT Closes North Carolina Door and Window Plant
Impact-resistant architectural product manufacturer PGT Industries is
transferring its Salisbury, N.C., operations to Venice, Fla., and closing
the North Carolina plant.
There will be approximately 300 new positions created in Venice when the
transition is complete, expected to be by the end of the second quarter
of this year.
“Transitioning to a centralized location optimizes our manufacturing capacity
and logistics,” says Rod Hershberger, president and chief executive officer.
“We believe this move will position PGT to be a stronger company with
focus on growing our share within our core wind-borne debris market areas,
and the support we are receiving from our local EDC and Sarasota County
proved critically important in our decision-making process as we look
to create hundreds of new jobs locally.”
GANA Accepting Scholarship Applications
The Glass Association of North America (GANA) Educational Foundation is
accepting applications for its 2011 scholarships. In addition to the minimum
five $1,000 scholarships it will award to undergrads, the Foundation also
is offering a graduate scholarship of $2,500. Since the beginning of the
effort, the Foundation has awarded several scholarships to students studying
in the fields of architecture, construction management or engineering.
The graduate scholarship also includes business students. This marks the
fourth year of the program.
Funding for the program includes proceeds from GANA’s BEC Conference (see
page 38 for more on the conference).
Additional information about the program and a downloadable application
form are available on the GANA Educational Foundation website.
The deadline for scholarship applications is April 1, 2011.
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