Zeledyne to Exit Commercial Glass Business
January 27, 2010
Tulsa, Okla.-based Zeledyne announced today that it will exit the
commercial glass business this spring.
"The continuing difficulties in the economy have led to a
significant decrease in our commercial glass business and we have
decided to exit this business," says Robert Price, Zeledyne
Company spokesperson Della DiPietro advised the move is effective
"The construction industry has taken a big hit and we had
a significant loss of revenue last year, and we, as many in the
market, expect that the severely depressed construction industry
will continue to suffer in the future," DiPietro told www.glassBYTEs.com
The company's automotive business will not be affected by the closing
of the commercial line, DiPietro said.
"That plant has fabrication operations for automotive glass
and those will continue," she said. "The plant's not shutting
One industry source, who wished to remain anonymous, commented
on the announcement, "One of Zeledyne's challenges was that
glass manufacturers are moving to more energy-efficient offerings
including solar, and that requires a huge investment that wasn't
feasible in this economy."
"There is some speculation that the closing also positions
Zeledyne for a possible sale of its automotive glass holdings. Zeledyne
has one ace in its hand with its OE Ford contracts, which would
make a sale attractive. The other thing this closing does is it
reduces capacity in the architectural glass industry, which in the
long run might make for a healthier industry," said the industry
Zeledyne announced its purchase of Ford Motor Company Automotive
Components Holdings (ACH) glass business in April 2008. (CLICK
HERE for related story.)
Stay tuned to www.glassBYTEs.com for updates as they are
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