Volume 37, Issue 9, September 2002

Mergers&Acquisitions

Velux Acquires Assets of Kenergy Skylight Co.

VELUX America Inc. of Greenwood, S.C., announced the acquisition of the assets of Kenergy Skylight Co. of Orlando, Fla. VELUX, a manufacturer of roof windows and skylights, will now be able to offer an even broader line of skylights, roof windows, blinds and controls, self-flashed skylights and deck and curb mount skylights, to its customers and those of Kenergy. 

According to Tim Miller, Velux president, the acquisition includes the Kenergy product program, Kenergy brand and skylight products sold under the Crestline brand name, Crestview. “Dealers currently purchasing Kenergy and Crestline skylight products now have access to the full range of VELUX products,” said Miller. “We expect that to be particularly important to Kenergy customers in Florida and other hurricane-prone areas. They can now obtain specialized VELUX products, which meet codes for installations ... with stringent wind-borne debris protection provisions.”

Benchmark Technology Acquires International Glass Protection Inc.
Benchmark Technology Corp. of Las Vegas announced that it has signed the final agreement completing the acquisition of Las Vegas-based International Glass Protection Inc.(IGP).

In exchange for 11 million Benchmark shares of stock, the company will acquire all issued and outstanding IGP stock.


National Glass Group of Companies Acquires Tempa Glass Industries
The Langley, British Columbia-based National Glass Group of companies has acquired Tempa Glass Industries of North Vancouver. One of the original flat-glass temperers in the Pacific Northwest, Tempa manufactures a range of tempered products supplied to the residential and commercial glass industry.

The company, which has manufacturing and distribution plants in Washington, Oregon and Alberta, will now be known as Tempa Glass Fabricators Ltd.

Von Ardenne Anlagentechnik Acquires BOC Coating Technology
Germany-based Von Ardenne Anlagentechnik GmbH, has acquired the glass coating business of BOC Coating Technology, part of BOC Edwards. Von Ardenne incorporated a new subsidiary company, Von Ardenne Coating Technology Inc., to acquire the business, which consists of net assets of less than $15,314,003. According to chief executive officer Dr. Peter Lenk, the acquisition is a milestone for the company, as it marks Von Ardenne’s first investment outside of Germany. 

BOC Coating Technology is based in Fairfield, Calif., and contends that BOC Edwards will now continue to further concentrate its efforts on the semiconductor industry. Seventy of BOC Coating Technology’s 120 employees will transfer to the new company. 

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