Apogee buys Brazilian glass fabricator

Date: 24 November 2010
Source: http://finance.yahoo.com

Date: 24 November 2010

NEW YORK (AP) -- Apogee Enterprises Inc., which makes architectural glass products, said Friday that it bought a Brazilian glass fabricator for about $22 million in cash and assumed about $2 million in debt.

Glassec Vidros de Seguranca Ltda. has annual revenues of about $30 million, Apogee said. The Brazilian company will be renamed Glassec Viracon and operate as part of Apogee's architectural glass business.



Apogee CEO Russell Huffer said the deal will help the company expand into the architectural glass market internationally. Huffer said the acquisition could be accretive to Apogee's earnings as early as 2012.
600450 Apogee buys Brazilian glass fabricator glassonweb.com

See more news about:

Others also read

MORE...

Apogee Enterprises Completes Acquisition of UW Solutions
Apogee Enterprises Completes Acquisition of UW Solutions
Apogee Enterprises, Inc. announced that it has completed the previously announced acquisition of UW Interco, LLC, for $242 million in cash.
Apogee Enterprises Announces Strategic Actions to Reduce Costs and Strengthen the Company’s Position for Profitable Growth
Apogee Enterprises' Strategic Cost Reduction for Profitable Growth
Apogee Enterprises, Inc. announced strategic actions to further streamline its business operations, enable a more efficient cost model, and better position the Company for profitable growth.
Herbert Kent Parker
Apogee Elects New Director
Apogee Enterprises, Inc. announced that its board of directors elected a new independent director, Herbert K. Parker, 60, retired financial executive from Harman International Industries.
Linetec introduces Brushed Stainless anodize finish
Linetec introduces Brushed Stainless anodize finish
Linetec elevates the aesthetics of anodize to new heights with the addition of a proprietary Brushed Stainless finish.
Dan Smith
Tubelite promotes Dan Smith to client development manager for Northeast Texas
He is based in Dallas and reports directly to Tubelite regional sales manager Terry Robinholt. They work closely with glazing contractors and architectural teams across the region to provide assistance with storefront, curtainwall, entrances and daylight control systems.
Spc. Andrew Jimenez; Linetec's production supervisor for paint applications, Tom Danen; and ESGR representative, Dave Monk
Linetec's Tom Danen honored with Patriot Award
Presented by Department of Defense for extraordinary support of employees who serve in the Wisconsin National Guard and Reserve

Add new comment