Grey Mountain Partners Acquires NASG Assets
October 18, 2012

by Kaitlan Mitchell,

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™ 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/™. Subscribe to AGRR™ Magazine.
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