Glaston Divests its Pre-Processing Business in Mexico to Bavelloni

Glaston Corp. has signed an agreement to divest of its pre-processing business in Mexico to Italian company Bavelloni S.p.A. Glaston Mexico S.A. de C.V.’s net sales for January-September 2019 were approximately $2.2 million. The move will  have a slightly positive EBITA impact. The business has been part of the Glaston segment’s “other” product area, and the transaction does not affect its guidance for the current year.

Glaston Mexico’s company name will become Bavelloni Mexico. Based in Guadalajara, Mexico, the business specializes in the sales and service of Bavelloni products and in the sales of Glaston heat treatment machines. The company has been operating for more than 25 years, installing over 1,000 machines in Mexico and other Central American countries.

With the aim to focus on one of its core technologies, heat treatment, Glaston divested its pre-processing business in Italy in 2015. In 2016 the pre-processing businesses in the U.S. and Canada were divested and, in 2018, the group’s tools business in Italy was sold and the joint venture discontinued in China. The remaining share of the pre-processing and tools businesses included in the “other” product area will continue as is, as distribution agreements for Bavelloni’s pre-processing products and tools in Brazil and Singapore remain in force.

Bavelloni Mexico will continue to be managed by Matteo Gherseni, who ran the subsidiary over the last ten years.

At the same time as the acquisition, an agency contract was also finalized enabling Bavelloni Mexico to remain the official agent for Glaston heat treatment products in Mexico and Central America. The collaboration between Glaston and Bavelloni will not change in Italy, where Bavelloni SpA is Glaston’s official agent, as well as in Brazil and Singapore, where Glaston operates as Bavelloni’s official distributor.

Grenzebach to Acquire Cnud Efco Gft

The Grenzebach Group has reached an agreement with the BMT Group to acquire its float glass engineering division, Cnud Efco Gft, a provider of annealing lehrs and tin bath solutions, including accessories. Cnud has locations in Belgium, Germany, Romania and China. In addition to the float glass industry, the company is active in the metal construction business with its manufacturing site in Romania.

“We have many times built our cold end glass production line alongside Cnud’s tin baths and annealing lehrs in the past and we could clearly see that our two companies share the same passion for technology and quality,” says Egbert Wenninger, senior vice president, business unit glass at Grenzebach. “We are impressed by Cnud’s know-how and experience regarding the thermal treatment of glass which will help us to transfer the results of our inspection systems into recommended adjustments of the production process. The complexity of a float glass line has increased significantly. We have seen more and more demand for more sophisticated services, and we will be able to provide a profound offering for this demand.”

According to the announcement, tin bath and annealing lehrs are strategic and highly complementary additions to Grenzebach’s float glass know-how and product portfolio.

“We want to emphasize and further strengthen our position as a technology and market leader in the global float glass industry. With our own digitalization platform, Sericy, we are already able to offer added digital value for our customers,” explains Renato Luck, CEO of the Grenzebach Group. “By extending our services, we will now be able to analyze end-to-end processes and provide recommendations based on closed loop algorithms. The digitalization of float glass production lines is one of the key drivers in the glass industry.

Convenient Payments Holdings LLC Acquires Mainstreet Computers Inc.

Mainstreet Computers Inc., which provides business software to the glass and glazing industry, is now part of Convenient Payments Holdings LLC, a portfolio company of Beekman Investment Partners III LP.

David Carnahan, the founder of Mainstreet will be an investor and strategic advisor to Convenient Payments going forward, according to both companies.

“We are impressed with the Mainstreet team and are thrilled to welcome them to the Convenient Payments family. Our vision for Convenient Payments has always been to partner with software companies like Mainstreet, connect them to our Intellipay payment processing platform, and provide additional resources both to accelerate growth and support critical back-office functions, including accounting and finance, marketing and product development. Today, with support from Beekman, we took a big step towards achieving that vision,” says Convenient Payments CEO Casey Leloux.

“By pooling our resources, we strongly believe that both companies will be better positioned to deliver value-add solutions to our customers on a more compressed timeframe,” says Brad Rhoades, Mainstreet CEO.

AGC Inc. and Central Glass Co. to Integrate Architectural Glass Business in Japan

AGC Inc. concluded a Memorandum of Understanding on December 9, 2019 with Central Glass Co. Ltd. concerning the integration of their architectural glass businesses in Japan. The companies aim to complete the integration by December 2020.

According to a statement by AGC, the architectural glass business in Japan is facing changes in the demand structure associated with declining new housing starts and dissemination of multi-layered glass. As a result, the business environment has continued to be sluggish despite continued streamlining efforts and restructuring of the distribution system. According to the company, a drastic reform for the entire industry is required as the falling birthrate and other factors are expected to further shrink the demand while manufacturers need to cover the maintenance cost for their aging facilities to ensure stable supply.

Under such a business environment, AGC and Central Glass have determined that, through the integration of their businesses, their pursuit of further improving operational and capital efficiency, increasing profitability and strengthening the companies’ foundation will contribute to the growth of both companies. Going forward, AGC and Central Glass will discuss the concrete details of the business integration.

Novatech Announces Laurier Acquisition

The Novatech Group, manufacturer of steel entry doors, door glass, patio doors and insulating glass, has purchased glass products manufacturer Laurier. This transaction is the result of a growth plan that will unite the strengths of both companies in the high-rise, commercial and glass markets.

“Laurier’s expertise, knowledge, ability and reputation are some of the elements that will complement our plants in Anjou, St-Agapit and St-Apollinaire, [Canada], and will distinguish ourselves in the glass industry,” says Novatech president and CEO Harold Savard.

Laurier will now be known as Laurier Architectural. Mélanie Mercier will lead this new Novatech subsidiary.

To view the laid-in version of this article in our digital edition, CLICK HERE.