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Gamma confirms acquisition of CBO Glass; reveals additional developments

Post Time:Dec 03,2012Classify:Industry NewsView:114

Gamma, a division of the Far East Global Group Ltd., confirmed that it acquired CBO Glass this August, which ranked #15 on Glass Magazine's 2011 Top 50 Glaziers list with annual sales of $30 million to $40 million. Gamma officials also announced the company has opened five new sales offices in the United States and Canada, in addition to an international office in London.

Now rebranded under the Gamma name, the former CBO Glass is headquartered in Buffalo, N.Y., and is a full-line design, fabrication, assembly and installation curtain-wall company. The Gamma purchase of CBO included a 150,000-square-foot manufacturing facility, 15,000 square feet of office space, 25 employees and an existing portfolio of client projects, according to a Gamma release. The operation will be headed by Jim Mitchell, Gamma’s president of Canadian operations in Toronto.“This acquisition increases our custom fabrication capabilities to serve the Toronto, Montreal, Chicago and New York markets, and reinforces our ability to provide U.S. and Canadian customers with an uncommon level of integrated, global owned-and-operated flexibility in fabrication options, totaling 395,000 square feet in North America alone," said Elliott Kracko, Gamma chairman, in the release. "We are retaining existing employees of CBO Glass. In the first month, we added 20 new jobs at the Buffalo facility and plan to add 75 to 100 full-time positions starting in 2013 to service a strong backlog of work which has been identified for this facility.”“While design and engineering are performed in and controlled from Gamma’s North American operations centers, customers can access Gamma’s North American fabrication resources through large, state-of-the-art plants: the 85,000-square-foot Gamma plant facility in Quebec City; the 160,000-square-foot fabrication plant in Miami; and the additional 150,000-square-foot facility in Buffalo,” Kracko explained, in the release.Kracko alsoannounced the opening of new regional and sales representation offices: three in the U.S. and two in Canada, plus an international office in London. These are in addition to existing offices in New York City/ New Rochelle, N.Y.; Buffalo, N.Y.; Miami; Quebec City and Montreal.

In the U.S., Gamma opened sales representation offices inChicago, Las Vegas and Miami. In Canada, the company opened firms inVancouver, B.C., andToronto, Ontario. According to the Gamma release, sales for the contract glazier have jumped 175 percent from 2011, due in part to several project awards. Among them, Gaama was awarded thearchitectural metal and glazing contract associated with the retail area of Towers 2, 3 and 4 and the HUB at the World Trade Center.

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Source: http://www.glassmagazine.com/news-item/commercial/gamma-confirms-acquisition-cbo-glass-reveals-additional-developments-1210622Author:

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