Custom Glass Solutions Acquires NASG Holdings from CGH

Custom Glass Solutions (CGS), a glass manufacturer focused on transportation applications, acquired NASG Holdings Inc. from Consolidated Glass Holdings Inc. on May 3, 2019. Founded in 1965, NASG is a specialty glass and window manufacturer based in Trumbauersville, Pa. The financial terms of the transaction were not disclosed.

“NASG has a history of ingenuity and an ability to produce unique framed-glass applications that set the standard in the industry,” says Neale Yeomans, CEO at CGS. “We are excited to work with the talented team at NASG to realize the potential synergies unlocked by a CGS and NASG combination.”

NASG offers glass products for the architectural market and transportation applications with a focus on framed assemblies for rail, armored vehicles, commercial vehicles and more. The company is one of the largest safety and security glass producers in the country, according to the company.

Yeomans says the opportunity to add a new capability to CGS’ core competencies was a motivating factor in the acquisition.

“NASG offers an expertise in framing that will open doors to new customers and strengthen our offerings to existing customers,” he says. “When we evaluated the combination of NASG and CGS, we realized there are significant opportunities to create win-win scenarios for both businesses. This is an important step toward our strategic growth objectives. We are confident this transaction will expand our portfolio of capabilities and products in a way that will enable us to better serve
our collective customers.”

Investor Group Buys MPM Holdings Inc.

An Investor Group consisting of SJL Partners LLC, KCC Corp. and Wonik QnC Corp. has successfully acquired MPM Holdings Inc. (Momentive), a global silicones and advanced materials company.

“This is a great outcome for all of our stakeholders, delivering maximum value to our stockholders and positioning Momentive for long-term growth and future job creation that will benefit our talented employees across the globe as well as our customers and suppliers,” says Momentive CEO and president Jack Boss. “The acquisition and the potential for greater combination with KCC’s silicones division will further enhance Momentive’s global leadership position by expanding our portfolio of products, broadening our geographic reach and strengthening our financial position.

CLOSING TERMS

On May 15, 2019, Momentive became a wholly owned subsidiary of the investor group and ceased to be traded on the OTCQB. In connection with the closing, the transaction was financed through a combination of cash and new debt.

Briefly

Quikserv Corp., a North American manufacturer of transaction windows, drawer systems and window security solutions based in Houston, has acquired Easi-Serv Products, based in Burnaby, British Columbia. Easi-Serv offers a vertical lift window line … Tool supplier Great Star USA Tools Inc., part of the Great Star Group of companies, has acquired Prime-Line Products, a supplier of door and window replacement hardware, supplying residential, commercial and industrial products … Advanced Separation Technologies (AST) has finalized the sale of all the assets and rights relating to AST (CentraSep) and AST Leasing to Trucent Inc. in Dexter, Mich. It will now be known as Trucent Inc. in Dexter, Mich. It will now be known as Trucent CentraSep Technologies.

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