Parent of Kawneer, Announces Acquisition of Traco
Alcoa, parent company of Kawneer, has agreed to purchase Traco in Cranberry
Township, Pa., a privately held manufacturer of doors and windows for
the commercial building and construction market. As part of the acquisition,
Traco will become part of Alcoa’s global Building and Construction Systems
The transaction is expected to be completed by the end of the third quarter
2010, subject to customary regulatory reviews.
“Traco’s strong brand and product lines are well known throughout the
commercial building market and we look forward to helping the brand continue
to flourish,” said Glen Morrison, president of Alcoa Building and Construction
Systems, who will oversee the business. “The Traco portfolio of products
and commitment to quality and customer service dovetails with Alcoa’s
focus on customers. Through this combination, we see many opportunities
to grow our collective business through better service, more comprehensive
product offerings and greater efficiency.”
Kevin Lowery, director of corporate communicates for Alcoa, told USGlass
that “The Traco name/brand are strong in the commercial building and construction
industry and is one we’ve known for some time and has a complimentary
product portfolio [to Alcoa’s]. So when the opportunity came to us … we
definitely said ‘let’s talk about this’ and we were fortunately able to
come to an agreement to buy the business.”
According to Lowery, the companies do not foresee any major changes for
customers as a result of the acquisition.
“Our plan is to find the best way to integrate the two businesses. When
you buy a business like this the goal is not to go and change everything
[about it] … We’re tapping into the strengths of both companies to help
each other grow. This really is a growth story for everybody and our goal
is to help our customers grow,” said Lowery, who adds that operations
will continue in Cranberry Township.
“Our intent is to grow that business as well as our existing Alcoa construction
business,” said Lowery. “We see lots of opportunity [for growth].” In
addition, he adds that Traco management/employees will become a part of
“There’s a reason we’re buying this company; it’s a good business and
that involves having good employees,” Lowery said.
Morrison added, “We are excited about the growth potential presented by
this transaction and looking forward to deploying strategies to realize
these opportunities once it is completed.”
CRL Purchases Supply
Division of Vitrododi
Los Angeles-based C.R. Laurence Co. Inc (CRL) has acquired the supply
division of the Italian Vitrododi International Co. For three generations
Vitrododi has been operating in the glass field supplying machines and
tools. The Italian company, based in Milan, serves several markets, predominantly
across Europe, the Middle East and North Africa. The business was established
in 1927 for the traditional production of mirror paint. By the ‘80s it
had begun to develop and manufacture its own machinery and, among other
things, became the exclusive European distributor for Toyo Glass Cutters
The company developed into two distinct business units, Vitrododi Production
and Vitrododi Supply. It is the supply business that has been acquired
by CRL, along with the distribution rights to the entire Toyo product
line. This will allow Vitrododi to focus on research and development and
the manufacturing of its glass washers, which will become the core business
of the company’s production division.
“This move … underscores our commitment to developing the European, Middle
East, and North African markets,” says Lloyd Talbert, president of CRL.
According to information from the company, CRL will retain the Vitrododi
name. CRL Vitrododi will continue to supply wholesalers and distributors
throughout the region, in addition to any existing end users. The business
will be transferred to the company’s new sales and distribution facility
near Manchester, UK.
Hartung Glass Acquires Holcam Sales Inc.
Hartung Glass Industries in Seattle has acquired Holcam Sales Inc., a
bath and shower enclosure manufacturer also in Seattle. Terms of the transaction
were not disclosed. Hartung says the location will continue operating
as Holcam Sales Inc.
“This acquisition marks the integration of two premier bath enclosure
companies, Holcam and Agalite, with highly experienced management teams,
strong reputations for quality, skilled work forces and elaborate distribution
networks, which will tremendously enhance the product lines and service
levels we provide to our customers,” says Nick Sciola, Hartung Glass Industries
president and owner.
Rick Wenala, who has worked with Holcam for 28 years and remains the company’s
general manager, adds, “Over the past 50 years we have been two companies
operating in the same market with differing areas of expertise. Having
the opportunity to work together will quickly benefit the entire customer
base with expanded capabilities and increased functionality. We are excited
and proud to be a part of it.”
According to the announcement, the Holcam acquisition is Hartung’s second
major acquisition in less than six months.
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