Carrillo Optimistic About Acquisition by Grey Mountain
January 6, 2012
by Penny Stacey, email@example.com
Arturo Carrillo, president and CEO of Binswanger Glass, appears optimistic
about the acquisition
of the company by private-equity firm Grey Mountain Partners,
announced earlier today.
“We are very excited about partnering with Grey,” Carrillo, president and CEO of Binswanger Glass, told glassBYTEs.com™/AGRR™ magazine today. “This is the first time that we’re not tied to a fabricator. Before, we were owned by ACI [Glass Products of Memphis], then Trulite [Glass and Aluminum Solutions of Deerfield Beach, Fla.]. This is the first time that we’re independent. We’re happy to get back to our roots as a glass installer.”
This is the second time Binswanger has changed hands in less than a year. Binswanger and its former parent company, Vitro America, were acquired in June of last year by an affiliate of Sun Capital Partners—also a private equity firm.
This story is an original story by AGRR™ magazine/glassBYTEs.com™. Subscribe to AGRR™ Magazine.
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