|
Financials
The week’s business headlines
Arch Aluminum acquires Trulite Industries, gains Canadian presence
Tamarac, Fla.-based Arch Aluminum & Glass Co. acquired Canadian glass fabricator Trulite Industries Ltd., Mississauga, Ontario, according to a Dec. 17 Arch release. Trulite fabricates large scale insulating, tempered, spandrel and screen printed glass, and distributes flat glass. Trulite will be Arch’s first Canadian location, according to the release. Details of the transaction were not made public … read more
Saint-Gobain exec forecasts improving U.S. building sector in 2009
The U.S. construction market will not improve in 2008, but begin to pick up in 2009, said Pierre-Andre de Chalendar, CEO of France’s Saint-Gobain, according to a Dec. 10 Reuters report.
The weaker dollar, the residential slowdown and the subprime mortgage crisis will decrease the value of U.S. companies, making them more attractive acquisitions, Chalendar said. “There can be acquisition opportunities to seize,” he said, according to the article … read more
Trainor Glass opens Maryland division
Trainor Glass Co., Alsip, Ill., opened an office in Elkridge, Md., according to a Dec. 11 company release. Dan Trainor will serve as division manager for the location … read more
Pilkington issues layoffs at Swedish facilities
United Kingdom-based glassmaker Pilkington, a subsidiary of Japan’s Nippon Sheet Glass, issued layoff notices to 98 employees in its building glass operations in Sweden … read more
|