Volume 35, Number 2, February 2000

Mergers&Acquisitions

Arch Aluminum Acquires Coolidge Manufacturing Facility in Wisconsin

The question of what would happen to the main manufacturing facility (located in Waukesha, WI) of Coolidge Glass Co. has now been answered: Arch Aluminum & Glass Co. has announced that it will open a new full-service glass and aluminum facility there. The questions surrounding the future of Collidge began in December when the company went into receivership.

Arch says it has purchased certain assets from Wells Fargo Bank and leased the main manufacturing of the former Coolidge Glass Company through its subsidiary, Arch Milwaukee Inc. Arch added that the Waukesha facility will be staffed by the former employees of Coolidge Glass.

Included in Arch’s new branch is a 100,000-square-foot building with a recently-installed 96 by 144 tempering furnace with the ability to temper soft-coat E, a completely automated Lisec insulating glass line, a 96-inch ceramic frit spandrel line, and a fully-equipped aluminum fabrication operation.

Arch Aluminum also announced the merger of Arch Aluminum & Glass of Phoenix, AZ, into its group of companies becoming Arch’s 16th branch facility. In addition to tempering, the branch will manufacture insulating glass units, custom aluminum entrance systems and distribute Arch’s full product line.

Sun Capitol Partners Purchase Carolina Mirror Company

Sun Capitol Partners of Boca Raton, FL, a private investment firm, has purchased Carolina Mirror Company of North Wilkesboro, NC.

According to Sun Capitol, there is an excellent opportunity in the growth of the business. “Carolina Mirror has a great longtime heritage and people with good working ethics,” said a Sun Capitol representative. “We see opportunities to invest in equipment and improve our efficiency in the industrial division.” There are also plans to expand and invest the decorative and framed art division, according to Sun Capitol.

Frank Busam joins Carolina Mirror as its new president. Busam was formerly vice president and division general manager for Rain Bird in California, an irrigation manufacturer.

Glass Group Forms E-Commerce Business

Glass Group Inc. (GGI) of Denver, has acquired the GlassLink Network and is forming a new electronic business for GGI. The GlassLink Network is an e-commerce supply chain management tool that allows computer to computer transmission of orders, confirmations, quotes and invoicing.

“We are positioning GGI to be a major force in the development of e-commerce tools helping the industry restructure the supply chain to substantially reduce costs,” said Wayne Harding, Jr., chief executive officer.

The company also announced the creation of GlassGroup.Com, an Internet web site for the glass industry providing glass industry content, community activities, and an industry-specific web site design service. The site will be on-line in March 2000.

 


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