Grey Mountain Partners Acquires NASG
October 18, 2012
by Kaitlan Mitchell, firstname.lastname@example.org
Grey Mountain Partners, in connection with its affiliate company
Consolidated Glass Holdings Inc. (CGH) announced the acquisition
of North American Specialty Glass (NASG) assets out of Chapter 7
bankruptcy, according to a company release. Trumbauersville, Pa.-based
NASG produces safety and security glass for transportation, architectural,
military, as well as specialty end-use applications. NASG also focuses
on the development of glass and polycarbonate laminate technology.
CGH, an affiliate company of Grey Mountain, is a fabricator and
distributor of impact-resistant glass, architectural glass, metals
and specialty products for the commercial and residential building
maintenance as well as the renovation and construction markets.
"We think the long-term effects of this acquisition will make us
stronger than before," says Carole Kagiyama CGH director of marketing
in an exclusive glassBYTEs.com interview. "It's a positive
add. We think they are going to fit into our portfolio and complement
what we currently offer."
Kagiyama continues on to say, "We're running material now. We're
not 100-percent yet, but I think we'll be up and running 100-percent
very soon. We have almost all of our employees back. We think with
our solid financial backing we'll be even stronger going forward."
"We are thrilled to partner with Grey Mountain and CGH," says Ted
Jenny, president of NASG. "This acquisition and injection of additional
capital saved nearly 100 jobs and will allow us to rapidly return
to production. We greatly appreciate the continued support of all
of our customers through this process. The NASG team is motivated
and ready to provide our customers with an even higher level of
service and quality products."
"We welcome NASG's talented management team, and we look forward
to immediately reopening the business and working with customers
to satisfy their needs," says Tom Ryan, CEO of CGH. "With a commitment
to customer service and quality products, NASG has a reputation
for providing consistently superior laminated glazing systems and
components. At CGH, our goal is to bring long-term sustainability
to NASG by running a first-class operation and leveraging our other
glass fabrication businesses to expand the scope of our offering."
This story is an original story by AGRR™ magazine/glassBYTEs.com™. Subscribe to AGRR™ Magazine.
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