Spring
Garden Township-based Graham Architectural Products Corp., part of The Graham
Group, has acquired a "significant equity and operating partner
position" in Florida-based Continental Glass Systems LLC, the company
announced today.
The
company declined to disclose the size of its investment.
In
its news release, the company said the deal is expected to close in the first
quarter.
"This
strategic acquisition complements the existing GAP businesses by broadening the
Graham manufacturing footprint in the southern United States, while adding a
well-established hurricane impact portfolio into the product mix," the
release said.
GAP is a leading
manufacturer of architectural-grade windows, window wall, doors and curtain
wall. In addition to York County, the company has manufacturing locations
in New Castle and Merrill, Wis.
"Combining
CGS and GAP expands our geographical reach specifically along the Gulf and
Atlantic coastlines, as well as in inland impact zones, and solidifies our
hurricane impact product offering nationwide," said Brian Hurley, GAP's
president and CEO.
The
Graham Group companies generated about $4 billion in total revenue in
2013. Graham Packaging was sold to Reynolds Group Holdings Ltd. in
2011.
Source: Central
Penn Business Journal
No comments:
Post a Comment