Carrillo Optimistic About Acquisition by Grey Mountain

Carrillo Optimistic About Acquisition by Grey Mountain
January 6, 2012

Arturo Carrillo

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.

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