Home > News > Industry News > Triple Seal Group Acquires Guardian Industries Rexdale

Triple Seal Group Acquires Guardian Industries Rexdale

Post Time:Jul 17,2013Classify:Industry NewsView:95

Triple Seal Ltd., which includes Independent Mirror Industries, has acquired the Guardian Rexdale facility from Guardian Industries Canada Corp. The acquisition will add laminated glass to Triple Seal’s fabrication product line, as well as increased capacity for tempering, fabricating and IG units. Plans are already underway to add new technologies to the plant, located in Rexdale, Ontario, Canada, with the installation of a heat soak oven used to test tempered glass for applications such as balcony railings. The Guardian Rexdale facility will be named Triple Seal Rexdale, and orders will be honored going forward, according to a Triple Seal release.

Triple Seal had been researching and preparing for this acquisition for months, according to Mark Franklin, president, who noted that the combined strength of both companies is a great opportunity for Triple Seal to deliver greater value to customers through increased capacity and a broader product offering.

“This is a very exciting time for Triple Seal," Franklin added. "We see huge business potential as we are acquiring solid production capabilities with great people, leading edge equipment and a strong customer base.”

The extra capacity that the Rexdale facility affords, as well as laminated glass, strengthens the ability of the Triple Seal Group to offer a full glass solution to existing customers such as contract glaziers, installers and OEM furniture manufacturers, according to company officials.

Triple Seal Ltd. is a regional glass fabricator and flat glass distributor, headquartered in Toronto, Canada, with fabrication and distribution branches in London and Ottawa, Ontario. It reports it is one of the largest manufacturers and distributors of glass products in Canada.

Guardian Industries is the parent company of Guardian Industries Canada Corp. In December 2012, Guardian Industries officials confirmed the company had completed the sale of a minority stake in the business to a subsidiary of Koch Industries. Koch, which now holds a 45 percent stake in Guardian, is an international company with about 60,000 employees and a presence in about 60 countries.

Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/triple-seal-group-acquires-guardian-industries-rexdale-1311402Author:

Hot News