Volume 43, Issue 8 - August 2008
Oldcastle Glass Sells Translucent
Oldcastle Glass® in Santa Monica, Calif., has reached an agreement to sell its translucent wall and skylight business to Major Industries in Wausau, Wis. Under the terms of the sale, Major Industries will assume the translucent wall and skylight backlog, and provide warranty support for existing installations. The sale closed in July.
The sale will allow Oldcastle Glass Engineered Products to focus on custom-engineered curtainwall, storefronts, architectural windows and skylights. Oldcastle Glass will market its curtainwall products under a new brand, Oldcastle Glass® Skywall®.
“Through recent acquisitions, we have become a market leader in custom-engineered curtainwall and have assembled a comprehensive range of best-in-class products,” says Ted Hathaway, chief executive officer of Oldcastle Glass. “Oldcastle Glass Skywall is the brand for our integrated, custom-engineered curtainwall systems to close the building envelope.”
Last July Oldcastle acquired the Vistawall Group (see August 2007 USGlass, page 14), including its Naturalite and Skywall skylight lines.
The acquisition also allows Major Industries to expand its business.
“Major Industries’ strategic acquisition of translucent panel skylights and curtainwall products from Oldcastle Glass® creates a full range of translucent daylighting products and cost-effective solutions for the fenestration industry,” says Wayne Toenjes, president of Major Industries Inc. “Our expanded offering of energy-efficient, LEED®-friendly products is expected to meet the needs of architects and building owners wanting to use natural daylight in the most cost-effective manner.”