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OLDCASTLE GLASS® ACQUIRES THE VISTAWALL GROUP
Creates North America’s Largest Manufacturer of
Architectural Glass
and
Aluminum Glazing Systems
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Santa Monica, CA – July 2, 2007
– Oldcastle Glass® has acquired the Vistawall
Group for a total consideration of US$190 million.
Vistawall is a leading vertically-integrated
manufacturer of a broad range of architectural aluminum
glazing systems, including storefronts systems, doors,
curtain wall, operable windows, glass skylights, and
translucent roof and wall systems.
With
the purchase of Vistawall, Oldcastle Glass®
is now the largest manufacturer of architectural glass
and aluminum glazing systems in North America. “The
Vistawall acquisition provides scale and a national
footprint with sales in all 50 states, and is the
cornerstone of our growth strategy to be the market
leader in engineered products used to close the building
envelope,” said Ted Hathaway, CEO, Oldcastle Glass®.
Oldcastle
Glass®’s current
architectural aluminum glazing systems businesses,
including Southwest Aluminum Systems in Chandler,
Arizona; Fulton Windows in Toronto, Canada; Texas Wall
Systems in Dallas, Texas; and National Retail Systems in
Austin, Texas, will be integrated with Vistawall. “Our
Engineered Products division, with annual sales of more
than $500 million, is positioned for growth from bolt-on
acquisitions, investments in state-of-the-art equipment
and new manufacturing locations,” said Hathaway.
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"Oldcastle
Glass®
is a
unique strategic partner for
Vistawall and we are delighted
by this acquisition. We expect
to dramatically improve our
efficiencies and service levels
through sharing of Best
Practices between our
locations. Oldcastle
Glass®
has
the financial resources to
invest in our growth and they
have shown strong commitment to
providing a safe and exciting
workplace for our employees,”
said Tom Harris, President of
Vistawall, who will lead
Oldcastle Glass®’s
Engineered Products division
after the acquisition.
Vistawall’s main
manufacturing facility and
headquarters are in Terrell,
Texas. In addition, Vistawall
has six manufacturing and
engineering facilities located
in Greeneville, Tennessee;
Newnan, Georgia; Warwick, Rhode
Island; Modesto, California;
Wausau, Wisconsin; and
Bloomsburg, Pennsylvania; and 19
service centers located
throughout the United States.
About Oldcastle
Glass® -
Oldcastle Glass®
is the largest North
American supplier of Building
Envelope Solutions to the
architectural and commercial
glazing communities, including
custom-engineered curtain wall,
high-performance and
custom-fabricated architectural
glass, architectural windows,
skylights and translucent roof
and wall systems, storefronts
and doors.
Prominent
architectural projects in North
America that feature Oldcastle
Glass® include the
Getty Center, the William J.
Clinton Presidential Library,
the Hawaii Convention Center,
and Santiago Calatrava's Sundial
Bridge near Sacramento,
California. Oldcastle Glass®
is a U.S. subsidiary of
CRH plc, one of the world's top
five international building
products companies.
# # #
Information
contact:
Susan Trimble:
Director of Corporate
Communications
(strimble@oldcastleglass.com)
310.264.4700
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