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DMC Global Takes a Majority and Controlling Interest in Arcadia Inc.
DMC Global Inc., a diversified holding company, signed a definitive agreement to acquire a 60% controlling interest in privately-held Arcadia Inc. for $282.5 million in cash and DMC stock. Th e total implied transaction value is $469.6 million and the acquisition was completed at the end of December. Arcadia is a U.S. supplier of architectural building products, including exterior and interior framing systems for low and mid-rise commercial buildings, windows, curtainwalls, interior partitions and highly-engineered doors and windows for the high-end residential real estate market.
“This is a milestone transaction for DMC and aligns with our strategy of building a diversified portfolio of industry-leading businesses with differentiated products and services,” says Kevin Longe, DMC’s president and CEO. “The acquisition of Arcadia will double DMC’s consolidated sales, strengthen our gross margins and provide diversification outside our more cyclical energy and industrial infrastructure markets.” Longe adds that he is thrilled to welcome CEO Jim Schladen and Arcadia’s 850 employees to the DMC family.
According to DMC, the company expects the acquisition will be accretive to earnings within the first year. Arcadia will operate as a standalone business of DMC and will be led by Schladen and his management team.
Advanced Glass Technologies Becomes Part of Fenzi
Fenzi Holdings, an Italian chemical company in the glass processing industry, announced the acquisition of Johnson Matthey’s (JM) Advanced Glass Technologies (AGT) business, a global provider of specialist glass enamels and precious metal pastes supplied mainly to the automotive sector.
“We are delighted to welcome the AGT organization to the Fenzi Group. AGT’s leadership in glass enamels … fits perfectly with our strategy to be the largest and most complete partner for the glass industry worldwide,” says Alessandro Fenzi, CEO of the Fenzi Group. “This partnership brings new innovative technologies to our global customer base.”
The acquisition is expected to close in the spring of 2022.
Impact Security Acquires MTI Shield in Arizona
Impact Security, based in Marietta, Ga., has acquired MTI Shield of Glendale, Ariz., in an all-stock deal. Additional financial details of the acquisition were not disclosed.
Impact Security is a manufacturer of specialty security glass and glazing systems, sold under the DefenseLite® and BulletShield™ tradenames. MTI Shield is a manufacturing company specializing in custom engineered glass and glazing systems. MTI Shield had been a licensed fabricator for Impact Security since 2019, serving the western half of the U.S.
Soft Tech & Fenetech Join Forces in Compusoft, 2020 Merger
In December 2021, Compusoft Group completed its merger with 2020 Technologies. The merger at the parent company level for Soft Tech brings the inclusion of FeneTech into the company’s Window & Door Vertical.
As the companies work through the merger of the two brands to create a new business identity at the parent company level, the new business will also be working together to position a complementary and comprehensive product offering to the global fenestration industry, according to a press release.
“It’s been quite a journey over the last 15 months for Soft Tech, working with Compusoft to develop the business’s Window & Door Vertical. We’re excited about working with FeneTech, along with AccessIT and FDS in 2022 and beyond. These new relationships will create more opportunity and accessibility for all of our existing customers, as well as offer full end-to-end solutions for new prospects in the industry,” says Tyron Ball, managing director of Soft Tech.
“At FeneTech, we are excited to be able to approach the industry with a range of complementary software products in order to bring the best solution to our customers and prospects. Although the journey has just started, the excitement level is very high as we begin to uncover the capabilities that collectively we can provide,” says Ron Crowl, managing director of FeneTech.
Briefly
Saint-Gobain has agreed to acquire Impac, a construction chemicals solutions group in Mexico. Th e acquisition allows Saint-Gobain to maintain its position on the Mexican market by being the first to offer a range of solutions for light and sustainable construction in the country, according to a press release. The completion of the transaction is subject to approval by the Mexican competition authority and is expected in the coming months, according to the press release.
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