Files for Chapter 11 Bankruptcy
International Aluminum Corp., a manufacturer of aluminum
and vinyl products, and parent company to United States Aluminum, filed
a petition for reorganization under Chapter 11 on January 4 in the U.S.
Bankruptcy Court for the District of Delaware. The company also has announced
that it has entered into a restructuring agreement with holders of approximately
72 percent of its senior debt. Company officials say the goal of the restructuring
agreement is to significantly reduce the company’s debt and other guaranteed
obligations, allowing it to maximize its product offerings, customer experience
and profitability for long-term success.
The petition states that the company has between 1,000 and 5,000 creditors
(consolidated with affiliates); between $1 and $5 million in estimated
assets (consolidated with affiliates); and between $1 and $5 million in
estimated liabilities (consolidated with affiliates).
A number of companies in the glass and window industry are included in
the consolidated list of creditors holding the 30 largest unsecured claims.
These include: Guardian Industries ($48,636); Glass Equipment Development
($22, 018); Pemko Manufacturing ($20,902); All Weather Tempering ($19,301);
Northwestern Industries ($15,228); and EPCO Industrial Contractors ($14,
The company also filed its proposed Plan of Reorganization and related
Disclosure Statement, and says it intends to move swiftly through approval
of the Disclosure Statement and confirmation of the Plan by the Court
to permit an expedited exit from bankruptcy.
Among International Aluminum’s subsidiaries are: IAC Holding Co.; United
States Aluminum Corp.; United States Aluminum Corp. - Carolina; United
States Aluminum Corp. - Illinois; United States Aluminum Corp. - Texas;
RACO Interior Products Inc.; General Window Corp.; International Extrusion
Corp. - Texas; International Extrusion Corp.; International Window - Arizona
Inc.; and International Window Corp. The company’s Canadian subsidiaries
are not included in the Chapter 11 filing.
“International Aluminum Corporation is a strong and viable company. We
are securing the company’s long-term future by taking this decisive action
to restructure our debt and strengthen our balance sheet,” says Dick Almy,
chief executive officer. “We believe that through this process the company
will emerge stronger, more competitive and unburdened by debt allowing
for future growth.”
As is standard in such cases, International Aluminum is seeking authority
from the court that will enable it to continue to operate its business
without interruption. The requests include authority to continue to honor
all customer programs, such as warranties, and to continue to pay salaries
and provide benefits to employees.
According to a news release issued by the company, International Aluminum
remains in a strong cash position, and will be able to support its day-to-day
and ongoing operations, including paying vendors and suppliers for goods
and services provided after the Chapter 11 case filings. The proposed
reorganization plan also provides for the full payment of all pre-Chapter
11 claims of the company’s vendors and suppliers.
The restructuring comes as a result of “the unprecedented downturn in
both residential and commercial construction sectors, causing a severe
decline in the purchase and use of aluminum and vinyl products,” according
to the release.
“Like many other manufacturing companies in the United States, the protracted
recession has had a dramatic impact on our ability to manage debt costs
and comply with our debt guidelines,” says Almy. “But International Aluminum
is resolute and committed to the future, and we believe that this restructuring
will ultimately benefit our customers, business partners and employees.”
Standard Bent Glass Owner Acquires Certain Assets of Coastal Glass
D. Michael Hartley, owner of Standard Bent Glass, Global Security Glazing
and Lexgard Laminates, has acquired certain business assets of Coastal
Glass Distributors in Charleston, S.C., which closed its doors in August
2009 (see September 2009 USGlass, page 14). The purchase has no financial
ties to Hartley’s other companies, though he has granted a partial ownership
to his key managers.
The acquisition includes receivables, machinery and equipment, the truck
fleet, customer list and the name Coastal Glass Distributors. The acquisition
did not include the Jacksonville, Fla., location.
Hartley told USGlass he pursued the purchase because he saw it as a complement
to his company’s other businesses.
“[The businesses] did not conflict and there is a lot of common territory
where I think we can do a better job,” Hartley said. “I expect there will
also be common sales agents.”
He added, “Coastal did a good job of servicing the Southeast and had a
good name in the industry. Unfortunately, the economic times caused its
demise. Now, we feel we can turn it around and bring it back to where
With business resuming at the plant in Charleston, some of Coastal’s former
employees are back to work.
“Those employees we are bringing back are ones who have been with Coastal
at least four years,” says Trent Hartley, sales and marketing manager,
who also spent nine years in that role at Coastal. Jack Hoey, who had
served as president of Coastal, will not be returning.
As far as the company’s production capabilities, the Hartleys say they
will remain the same.
“We’re trying to re-establish the good service Coastal was known for in
the past,” says Trent Hartley. “We are planning to [return the company
to] what it was three or four years ago, but it will take time. We’d like
to get back to servicing the exact routes it did then, covering North
Carolina, South Carolina, Georgia and Northern Florida.”
Hartung Glass Industries Acquires AGC’s Vancouver Facility
Hartung Glass Industries of Seattle and AGC Flat Glass North America Ltd.,
a subsidiary of the Tokyo-based Asahi Glass Co., announced on January
5 that the companies have signed a definitive agreement under which Hartung
has acquired the Metro Vancouver location of AGC Flat Glass. The location
will operate as Hartung Glass Canada, effective immediately. Terms of
the transaction were not disclosed.
“Hartung Glass is very proud of our roots in B.C. as an active member
of the local glass and metal community for over 15 years with Lami Glass
and Agalite Shower & Bath Enclosures,” says Nick Sciola, Hartung president
and owner. “The addition of Hartung Canada will complement our existing
lines and enhance our ability to better serve the region with an extremely
experienced and talented in-place team, and our own fleet of trucks delivering
to new and existing customers from White Rock to Whistler and Vancouver
Island through the Okanagan and into Alberta.”
Burnaby, B.C.-based Hartung Glass Canada will continue to manufacture
coated and non-coated insulating glass units and distribute cases of glass
from primary glass manufacturers including Guardian, PPG, Pilkington,
Zeledyne and AGC. Hartung Glass Canada also will act as a distribution
hub for the company’s complete line of hardware and architectural glass
products including laminated, silk screened, tempered and decorative.
The Coquitlam, B.C., location of Agalite Shower and Bath Enclosures also
will be consolidated with the new plant.
According to a news release issued by Hartung, the acquisition advances
its mission of controlled growth and increasing its presence as a supplier
of fabricated glass products on the West Coast, and will position the
company for continued expansion. Hartung continues to explore additional
cities and opportunities for expanding its footprint in the West Coast
Norshield Corp. Splits from CompuDyne
On December 6, 2009, Norshield Corp. was acquired in a transaction with
management by Norshield Holdings LLC, owned by members of Spell Capital
Partners, a Minneapolis-based private equity group, and its management
team. Going forward, the blast- and bullet-resistant glass product manufacturer
will operate under the name Norshield Security Products LLC.
The transaction was structured as a stock sale and involved a complete
separation from CompuDyne, the Gores Group and all of its affiliate companies,
including Norment Security Group, Fiber Sensys, Tiburon and Signami DCS.
The company will continue to operate from its existing plant in Montgomery,
In a letter to customers, president Gary Hart commented, “We are excited
about this announcement for several reasons but especially for what this
means for our customers, suppliers, vendors and our employees. As a member-controlled
operating company, we will be better equipped to run and manage our business
Glassline Acquires Aisa S.p.A.
Glassline Corp. in Perrysburg, Ohio, has announced its acquisition of
the glass processing technology of Aisa S.p.A. of Ticengo, Italy. Aisa
produces silkscreen printing machines, as well as paint drying systems,
both UV and infrared. The Aisa technology also includes screen printing
accessories, such as squeegee sharpeners, as well as Aisa’s glass handling
designs such as loading/unloading, pre-registration systems, accumulators,
visual inspection, dimensional inspection, paper interleaving, pairing
and palletizing systems.
This acquisition enhances Glassline’s product line of glass fabrication
tools and equipment. According to a Glassline news release, the company
has extensive existing manufacturing capabilities for the production of
the new silkscreen systems and spare parts.
DORMA Entrance Systems Opens Sales and Service Division in Chicago
DORMA Entrance Systems has opened an office dedicated to servicing all
brands of manual and automatic swing doors, balanced doors, sliding and
folding automatic doors, ICU doors and revolving doors in the metropolitan
Chicago market. The Lake Bluff, Ill., location also will sell DORMA-branded
The opening of the new branch helps expand the company’s sales, installation,
service and maintenance network, which has centered on its Carolina Door
Controls operation along the East Coast.
Angus MacMillan, a 10-year veteran with the Crane Revolving Doors brand,
will head the branch. All field technicians at the branch are AAADM-certified.
TrussWorks International Inc. Relocates
Anaheim, Calif.-based TrussWorks International Inc. (TWI), a specialty
steel firm that fabricates steel for projects such as structural glass
facades and skylight applications, recently relocated its operations.
“Our new facility is nearly 20 percent larger [than the old location],
encompassing approximately 45,000 square feet in total size, providing
larger office and conference space to accommodate our expanded quality
control, production and design staff,” says Anastasiya Heydari, director
of finance and sales, who adds that the new facility also contains a separate
machine shop area and new employee training rooms.
The company also has added several new lines of equipment, including cutting
machines, plasma machines; five overhead cranes that cover the entire
shop area; straight line tables; welding machines; vertical milling machines;
and a separate paint and finishing booth.
Heydari also says that move provides the company with better freeway and
street/delivery access compared to the old location.
Bavarian Polymers Increases Capacity
Bavarian Polymers USA Inc., an extrusion and fenestration provider, announced
that it has expanded its operation in Dickson, Tenn. The company added
4.5 million pounds/year of twin screw extrusion capacity during the fourth
quarter of 2009.
“This is an exciting time for us and our customers in the window and door
industry as we continue to demonstrate our active commitment to delivering
the advanced products and necessary supply levels to meet the needs of
this very demanding market,” says Robert Weishaeupl, chief executive officer.
GANA Joins Zero Energy Commercial Buildings Consortium
The Glass Association of North America (GANA) announced that it is now
a member of the Zero Energy Commercial Buildings Consortium, a group of
organizations interested in advancing energy-efficient commercial building
technologies, practices and policies. The Consortium is working with the
United States Department of Energy (DOE) to achieve a market transition
to zero net energy commercial buildings by 2030. The effort is in response
to the creation of the Zero Net Energy Commercial Buildings Initiative
(CBI) by Congress in 2007. GANA currently is the only commercial
glass association in the Consortium.
The Consortium’s initial task is to compile and review data on current
and emerging technologies, systems and practices needed for zero-energy
commercial buildings, and to work with the DOE to identify the strategies
to address cost reductions and non-cost barriers to widespread market
adoption of these technologies. According to GANA, several technologies
and systems developed by the glass and glazing industry will fit prominently
into the mix.
Additionally, Consortium members will work with DOE in the short term
to plan, coordinate and assist in implementing a comprehensive strategy
to transform energy performance in the commercial sector through:
• Innovation – Helping to identify and characterize promising new technologies,
innovative market mechanisms and effective public policies – and recommending
priorities for technology research and development, demonstrations and
• Demonstration – Proving that technologies, market mechanisms and policies
work and are well-documented prior to promoting their widespread deployment.
• Deployment – Helping to design, initiate and evaluate deployment programs
for proven energy-saving technologies that are underutilized.
“There are some who feel that less glass is a solution, but we will be
at the table to provide answers and information illustrating that glass
is a viable and preferable tool in sustainable design,” says Bill Yanek,
GANA executive vice president.
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