Ibis Tek Acquires SBG; Now DoD’s Largest Transparent Armor Supplier

Ibis Tek Inc., a portfolio company of Rockwood Equity Partners, has acquired Standard Bent Glass (SBG), a supplier of custom fabricated glass products.

Based in Butler, Pa., Ibis Tek specializes in manufacturing transparent and opaque armor solutions for military vehicles, in addition to complementary products, such as vehicle lighting and accessories. It also provides first responder vehicle customization for commercial and military vehicles.

“SBG is a perfect, ‘hand in glove’ strategic fit with Ibis Tek,” says Ibis Tek CEO Vince Nardy. “SBG’s capability to fabricate specialty glass, together with Ibis Tek’s expertise in commercial vehicles, now provides significant opportunities to take on new programs that leverage our combined expertise in providing armored solutions to the military, as well as complementary vehicle capabilities.”

According to information provided by Ibis Tek, the combined entity will have a new name, and is now the largest supplier of transparent armor to the Department of Defense, with significant growth opportunities available. SBG will continue to serve the architectural market, as well. The company specializes in glass fabrication, including bent glass and digital printing.

“SBG has been a leader in the custom architectural market since 1936, we are very proud of our past and even more excited about continuing to be a leader in the future,” says Kent Hartley, former co-owner of SBG.

He says that all employees will remain in place for both organizations.

“This transaction is about growth, not reductions,” he says. “The new combined organization will be much stronger in every aspect, from manufacturing to development and service to our customers.”

Mike Hartley, who served as CEO of SBG, will remain with the combined company as a senior advisor.

“Fifteen years ago, the two neighboring companies first worked together to offer transparent armor products in support of our military,” he says. “It is exciting to see that relationship come full circle, now as a combined enterprise that will provide one-stop-shop capabilities with flat and curved transparent armor, metal fabrication, certified welding, paint and coating, electrical assembly and system integration for vehicle

Assa Abloy Expands with Recent Acquisitions

Assa Abloy has acquired Pacific Door Systems, a manufacturer of commercial doors and window systems in New Zealand, and Keyper Systems, a supplier of electronic and
mechanical key management systems in the U.S. with a strong presence in the automotive segment.

“I am very pleased to welcome Pacific Door Systems and their employees into the Assa Abloy Group. This acquisition delivers on our strategy to strengthen our position in the mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, president and CEO of Assa Abloy.

“Pacific Door Systems is an excellent addition to the Asia Pacific Division and complements our existing door opening solutions offering for our customers. The acquisition also provides synergy opportunities and an attractive potential to accelerate our growth in New Zealand,” says Anders Maltesen, executive vice president of Assa Abloy and head of division Asia Pacific.

Pacific Door Systems was established in 1992 and has approximately 80 employees. The head office is located in Wellington, New Zealand.

Assa Abloy has also signed an agreement to acquire Keyper Systems. “I am very pleased to welcome Keyper Systems into the Assa Abloy Group. The acquisition of Keyper Systems enhances our global product offering in this area and will provide synergy opportunities in North America and other markets,” says Delvaux.

“Keyper Systems will complement our products within intelligent key and asset management solutions offered by Traka, which is part of the business unit Assa Abloy Global Solutions (previously Hospitality) as of January 1, 2019. The acquisition will also strengthen our position and installed based in the U.S., as well as provide an attractive opportunity to accelerate our global growth,” says Christophe Sut, executive vice president and head of the global technologies business unit Assa Abloy Global Solutions.

The acquisition is conditional upon satisfaction of customary closing conditions and is expected to close during the first quarter of 2019.

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