In a couple of days, the ball will drop in Times Square, New York City, signifying the start of a new year: 2022. Before you flip your calendar to a fresh page and welcome the New Year, let’s take a look back at USGNN™’s most heavily trafficked stories of the year.
Popular stories from 2021 focused heavily on company closures, sales and acquisitions. Additionally, reports concerning the ongoing supply shortage were also highly read.
Earlier this year, several industry sources have notified USGNN™ that J.E. Berkowitz part of Consolidated Glass Holdings, had closed.
Shortly after the news had been reported, Consolidated Glass Holdings (CGH) issued a statement clarifying the status of J.E. Berkowitz (JEB) and its other subsidiaries.
Companies released statements notifying customers of price increases. One such material that saw a price-hike was aluminum. Several suppliers, including Oldcastle BuildingEnvelope® (OBE) and Trulite Glass and Aluminum Solutions, sent notices to some customers alerting of an increase in the price for aluminum products. At least one company was notified of an 8% increase by each organization.
The deadly riot at the Capitol during the first week of the year dominated news outlets and social media. During the Electoral College certification process, rioters breached the building, in part, by breaking through the Capitol’s windows. USGNN™ spoke with several glass experts to find out if the glass performed as it should have under the circumstances.
News about the closing of J.E. Berkowitz’s (JEB) location in Pedricktown, N.J., shocked the glass industry and left many wondering what was next for its parent company, Consolidated Glass Holdings (CGH) and the rest of its businesses. USGNN took a closer look at the events that preceded the announcement.
During the summer, Cardinal Glass Industries, out of Eden Prairie, Minn., signed a contract to acquire the assets of AGC Glass in Churchill, Tenn.; Abingdon, Va.; and Spring Hill, Kan.—a deal valued at approximately $450 million.
Mid-2021 saw additional material shortages, especially a lack of polyvinyl butyral (PVB). The availability of the critical material for laminated glass had been low and was attributed to several causes.
As the country approached the year-long mark of COVID-19, the Producer Price Index from the U.S. Bureau of Labor Statistics reported prices for some materials used in glass and glazing manufacturing fell back in January from the December 2020 report.
Oldcastle BuildingEnvelope® (OBE), a CRH company, had completed the transaction to acquire certain assets and liabilities of Graham Architectural Products Co. Graham, based in York, Pa., is a nationally recognized pioneer in the fenestration industry, serving the Midwest and Northeast regions of the U.S.
Completing our list of the year’s top stories is one about another acquisition. O3 Industries had purchased substantially all the assets of Solar Seal Co. from Consolidated Glass Holdings (CGH). The new corporation holding the assets was named Solar Seal LLC.