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CGH buys Solar Seal

Post Time:Nov 05,2012Classify:Industry NewsView:55

Consolidated Glass Holdings, Inc., an affiliate company of Grey Mountain Partners, has acquired the assets of Solar Seal, also known as Shaw Glass Co. A 2011 Glass Magazine Top Glass Fabricator, Solar Seal has an 88,000-square-foot facility in South Easton, Mass., where it employs about 100 people. In addition to tempered, insulating and decorative glass; all-glass entrances; and shower enclosures; the company offers cutting, edging, drilling, fabricating (notching, cut outs, etc.) and sandblasting services. Solar Seal had estimated annual sales of between $20 million and $35 million in 2011.*

"As a third-generation family-owned business, we are thrilled to have this outstanding team to bolster CGH’s presence in the New England market and we will work with the Shaw family to continue to grow the business," said Tom Ryan, CEO of CGH, in a November 5 release. “We look forward to continuing to expand CGH through additional acquisitions of high-quality assets and businesses and by partnering with strong management teams.”

“We are delighted to join the CGH family,” said Rick Shaw, president of Solar Seal, in the same release. “We remain dedicated to providing our customers with exceptional products and customer service as we share the breadth of the CGH portfolio to expand our capabilities.”

Added Beth Lesniak, vice president of Grey Mountain, “The acquisition presents substantial opportunity to continue to grow our presence in the architectural glass market, and we plan to further invest in the future of CGH through strategic acquisitions.”

*Annual sales volume is an estimate, not confirmed by the company.Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/grey-mountain-buys-solar-seal-1210480Author:

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