Spring Garden Township-based Graham Architectural
Products Corp., part of the Graham Group, completed an agreement Tuesday to
acquire a “significant equity and operating partner position” of Hialeah,
Fla.-based Continental Glass Systems LLC.
The agreement was first announced in January, and the
company did not disclose the size of the investment at that time. A Graham
spokesman could not be reached for comment regarding its announcement of the
acquisition Wednesday.
Graham Architectural Products manufactures
architectural-grade windows, window wall, doors and curtain wall, it said.
Continental Glass Systems provides products to architects, owners, constructors
and builders, and specializes in Miami-Dade notice of acceptance approvals
based on hurricane-zone testing.
The York-based Graham Group is an alliance of industrial
and investment management businesses, and its three “legacy industrial businesses”
— Graham Packaging, Graham Architectural and Graham Engineering — generate
about $3.5 billion in annual revenue, according to its website. Graham
Packaging was sold to Reynolds Group Holdings Ltd. in 2011.
Graham's acquisition of Continental will broaden the
company's manufacturing presence in the southern United States, it said.
Continental will continue to do business as Continental
Glass Systems, and its owners — Shlomo Epstein and Samir Moussa — will be CEO
and COO for the business, the news release said.
Source: Central
Penn Business Journal
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