Volume 38, Issue 7, July 2003
Arch Aluminum & Glass Acquires Trident Consolidated Industries
Arch Aluminum & Glass of Tamarac, Fla., has announced the acquisition of Trident Consolidated Industries of City of Industry, Calif. Trident serves the glass industry with tempered, insulating, spandrel and laminated glass products, as well as a glass entry-door line.
“We have very comparable cultures,” said Arch Aluminum president and corporate executive officer Leon Silverstein. “We’re both family owned businesses and share the same beliefs in treating our customers and employees well.”
“I’m thrilled about the setup,” said Alex Kastaniuk, president of Trident. “Our backgrounds fit well and now we will build on this and become a much bigger presence on the West Coast.”
Kastaniuk and his management team will continue to run the company, which will retain its Trident Consolidated Industries name.
ICD Coatings and Visteon Announce Partnership
Vancouver, Wash.-based ICD High Performance Coatings has announced a strategic partnership with Visteon Versalux.
“We are very excited to be working with an innovative company such as Visteon and their Versalux products,” said ICD marketing manager Kris Vockler. “OPACI-COAT-300® spandrel and Versalux glass give architects what they want, creative possibilities and proven performance.”
First-Quarter Fiscal 2004 Earnings Drop for Apogee
Minneapolis-based Apogee Enterprises Inc. has announced that its first-quarter earnings for fiscal 2004 declined and that its full-year guidance has been reduced due to the continual decline in commercial construction.
“Our first-quarter results were ... impacted by the continued decline in our architectural business,” said Russ Huffer, chairman, president and chief executive officer. “Our earnings came in below our guidance due to greater than expected construction project delays and the lower margins experienced on short-term, fill-in work.”
In the architectural segment, revenues dropped 12 percent to $94.9 million, compared to $108 million in the prior year’s quarter. Operating income was $0.9 million, compared to $6.4 million last year.
|Construction of Glass Flag Completed at Baltimore's Star Spangled Banner Museum
Made of 28 colored lites and spanning 30 by 42 feet, Baltimore's Star Spangled Banner Museum is now home to a glass flag that replicates the one inspiring Francis Scott Key to write the National Anthem.
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