Volume 42, Issue 5 - May 2007
|Mergers & Acquisitions
Arch Aluminum & Glass Co. Expands Through Acquisition of Trulite Industries
“We are excited about Trulite joining the family; the company’s culture is in synergy with ours and their reputation in the industry is top notch. In addition, this acquisition allows Arch to move into new areas, and offer opportunities [for customers] to get supplies from a true single source,” says Leon Silverstein, Arch president and chief executive officer (CEO).
“Being with Arch will allow us to continue to offer our customers the best service and quality in the industry,” says Gerry Duffy, president of Trulite.
Duffy and his management team will all remain in place with the company. Trulite CEO and one of the original founders, Peter Alexander, will also stay on in a consulting role. www.archaluminum.com
Biesse America Acquires AGM, Bre.ma Machine
AGM, which sells machines and tools used to process flat sheets of glass and stone-working machinery, is the North American sales agent for all products in the Intermac line.
The new Biesse division is called Intermac AGM and began operations on April 2, 2007. The company is based in Charlotte, N.C., and Biesse’s current facility will undergo an $8 million expansion.
Frank Micalizzi, one of the founders of AGM, will be working alongside Federico Broccoli, president and chief executive officer (CEO) of Biesse America, to implement the new development plan. Broccoli will serve as president and CEO of the incorporated company and will continue to serve in his current position within Biesse America. Micalizzi will remain part of the Intermac AGM management group.
In addition, Biesse acquired Bre.Ma, a European manufacturer of custom machinery, last August. The company makes sophisticated, flexible machines that drill, route and insert. The majority of Bre.Ma’s customers are located in Italy, France and Spain. www.biesseusa.com