e-glass weekly - September 4, 2007 | Vol 2, Num 36
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Former Efco CEO responds to buyout
On Aug. 28, Pella Corp., of Pella, Iowa, purchased Efco Corp. of Monett, Mo., for an undisclosed amount. On that same day, long-time Efco CEO and 33-year company veteran Chris Fuldner retired from the business his father co-founded in 1951 ...
On Aug. 28, Pella Corp., of Pella, Iowa, purchased Efco Corp. of Monett, Mo., for an undisclosed amount. On that same day, long-time Efco CEO and 33-year company veteran Chris Fuldner retired from the business his father co-founded in 1951.
Read a Q&A with Fuldner below about his and the company's futures. Click here to read last week’s headline news coverage of the acquisition.
In last week’s e-glass weekly, several Efco customers said they had some concerns about what’s going to change at Efco now that it’s a subsidiary of Pella. How do you respond to concerns such as these?
My response is simply that nothing will change at Efco, and they won’t see any difference at all. Pella is going to operate Efco as an independent subsidiary. Management stays in place, employees stay in place and the representatives in the field stay in place. That’s one of the beauties of the whole transaction—Efco is not broken apart.
How did Pella become the suitor for Efco?
We offered the company for sale about six to eight months ago. We went through a big process and talked to several people who were interested in buying us. Pella quickly rose to the top.
What stood out about Pella?
We picked Pella for a couple of reasons. One, they put a strong bid in for Efco. Two, they were going to keep us as Efco Corp. and allow us to operate fairly.
Were you surprised that a residential company bought Efco?
We weren’t surprised that there would be interest from a major residential player. … It seemed to make a lot of sense to us. One residential manufacturer would be interested in completing the circuit by adding a strong commercial player.
How did Efco employees respond to the announcement about the sale? We had all the employee meetings [Aug. 30]. They seemed very excited about it. Pella is another family owned company located in the Midwest with strong Midwestern values. They were also excited to learn that Pella has been named one of the 100 companies to work for [by Fortune magazine].
What’s next for you?
I’m retiring, or rather, unemployed for the moment. I’m going to do something else—try something at a much smaller scale. … In the meantime, I’ll be spending a lot of time with family. All of my kids live nearby, and we’re expecting our first grandchild. We’re all very excited.
Glass Magazine announces Crystal Achievement Award winners
Glass Magazine announces the winners of its 2007 Crystal Achievement Awards program. The awards recognize significant achievements in architectural glass technology, manufacturing and marketing ...
Glass Magazine announces the winners of its 2007 Crystal Achievement Awards program. The awards recognize significant achievements in architectural glass technology, manufacturing and marketing. These 25 honorees, selected by 28 industry professionals, proved their skill and innovation by competing within a pool of 95 nominations.
“The words creative, innovative and visionary come to mind when describing the winners of this year’s Crystal Achievement Awards,” says Matt Slovick, editor-in-chief, Glass Magazine. “I’d like to thank everyone who submitted a nomination and the judges, who had an extremely tough task. The people and companies that were involved with the award-winning projects continue to move the industry forward.”
Crystal Achievement winners will be honored at this year’s GlassBuild America: The Glass, Window & Door Expo in Atlanta, Sept. 10-12. The winners are:
Most Innovative Commercial Window
Alliance Glass and Metal Inc., medium or small company
Traco, large company
Most Innovative Curtain Wall System
Architectural Glazing Technologies, medium or small company
Guardian Industries, large company
Most Innovative Skylights
Giroux Glass Inc., medium or small company
Saint-Gobain Glass, large company
Most Innovative Commercial Doors or Components
Sculptural Glass Doors Inc., medium or small company
Dorma Glas, large company
Most Innovative Door Applications
NanaWall Systems Inc., medium or small company
Kawneer Co., large company
Most Innovative Curtain Wall Applications
JCJ Architecture, medium or small company
Saint-Gobain Glass Exprover NA, large company
Most Innovative Decorative Glass Applications
Joel Berman Glass Studios Ltd., medium or small company
Eckelt Glas, large company
Most Innovative Interior Glass Application
Innovative Structural Glass Inc., medium or small company
Rafael Viñoly Architects PC, large company
Most Innovative Bath Enclosures
Fleurco Shower Doors
Basco Shower Enclosures
Most Innovative Plant Equipment
J.E. Berkowitz L.P. (JEB) and Litesentry Corp., medium or small company
Viracon Inc., large company
Most Innovative Comprehensive Marketing Program
Most Innovative Print Media
Most Innovative Internet Media Applications
NanaWall Systems Inc., medium or small company
Oldcastle Glass, large company
Most innovative technology article written for Glass Magazine
Abhi Ray & Leon Jacob
About Glass Magazine
Serving the architectural glass, glazing and metals industry, Glass Magazine offers readers informative and reliable coverage of market trends through segment surveys, resource guides, educational posters, industry profiles, industry stats and codes; sections such as Newsline, Glazier Bulletin, Hardware, Machinery, and special projects such as 20 Under 40, the 50 Glaziers list, Crystal Achievement Awards, Industry Products and Looking Glass. See us at www.GlassMagazine.net.
Glass Magazine is published by the National Glass Association, the largest trade organization representing the flat glass (architectural and automotive) industry. NGA also publishes Window & Door and AutoGlass Magazine. The NGA hosts GlassBuild America: The Glass, Window & Door Expo, www.glassbuild.com, and the National Auto Glass Conference, and offers certification and training programs to the industry. For more information, visit www.glass.org
GlassBuild America to open with record number of exhibitors
GlassBuild America: The Glass, Window & Door Expo will set new records when it opens its doors next Monday in Atlanta, organizers report. Running from September 10-12 at the Georgia World Congress Center, the event will feature more than 500 exhibitors for the first time ...
GlassBuild America: The Glass, Window & Door Expo will set new records when it opens its doors next Monday in Atlanta, organizers report. Running from September 10-12 at the Georgia World Congress Center, the event will feature more than 500 exhibitors for the first time.
Almost 540 companies will occupy 218,840 square feet of exhibit space—the highest totals in GlassBuild America history, according to officials from the National Glass Association, publisher of e-glass weekly and Glass Magazine. The Atlanta event will feature 130 new exhibitors, and 154 exhibiting companies from outside the U.S.
“Along with our highest number of exhibitors to date, we’re also very pleased with our pre-registration numbers this year—so far our overall registration is higher than this same time last year, and that trend has been consistent since registration opened,” says Denise Sheehan, NGA VP of industry events. “Looking at all of our various industry segments, the demographics are right on target with what we saw last year, so we know it’s going to be a great show.”
In addition to the show itself, GlassBuild America 2007 will feature an educational program, including a trend forecast seminar Tuesday from 10:15-11:45, a retail glass seminar Wednesday 8:30-10:00 and a decorative glass trends seminar Wednesday from 10:15-11:45.
The Insulating Glass Manufacturers Alliance of Ottawa, Ontario will host its educational seminar in conjunction with the show, and the NGA’s second Glazing Executives Forum will take place Monday.
The GlassBuild America program includes a variety of other opportunities, including demonstrations, on the show floor itself. The full schedule, as well as a complete list of exhibitors and registration information, is available at www.glassbuildamerica.com.
More top stories
Chinese government beefs efforts against low-quality glass
China’s National Development and Reform Commission issued a mandate for local governments to eliminate outdated glass production lines, according to an Aug. 27 article from the Xinxua News Agency … read more
Hungarian glass company to build $31.9 million facility
Jullich Glas Holding of Hungary will build a 50,000-square-meter production facility for $31.9 million as part of a five-year Greenfield investment at its plant in Szekesferhervar, according to an Aug. 29 article from the Vilaggazdasag Business Daily … read more
Frank Lowe Rubber and Gasket Co. starts construction on new facility
Construction crews broke ground on the new corporate headquarters and manufacturing location for Frank Lowe Rubber and Gasket Co., of Farmingdale, N.Y., according to an Aug. 29 company release … read more
Vandals break glass panels at historic U.K. castle, again
Norwich, England’s historic castle will get extra police patrols after its outside elevator was vandalized for the fourth time this year, according to an Aug. 23 article from Norwich Evening News 24.
Replacing broken glass panels surrounding the elevator has cost about $40,000 this year … read more
Historic preservation glazing
Moduline Window Systems of Wausau, Wis., introduced the Renaissance aluminum glazing system. It has the appearance of original windows in old buildings but with improved energy efficiency ...
Moduline Window Systems of Wausau, Wis., introduced the Renaissance aluminum glazing system. It has the appearance of original windows in old buildings but with improved energy efficiency. The system has neoclassical architectural style, replicates the look of wood and steel windows with putty glazing, and restores a sloped exterior appearance. Available in any Moduline window system, Renaissance offers historic color duplication, retention of narrow sightline glass-to-frame ratio and duplication of original frame width and depth. It is available in arched, gothic and other classical period frames, and several trim options.
Moduline Window Systems is part of the Vistawall Group in Terrell, Texas, recently acquired by Oldcastle Glass, Santa Monica, Calif.
800/972-9110 | www.modulinewindows.com
Glass companies make the ranks of fastest growing companies
More than 20 glass industry companies earned places on the Inc. 5,000 list of fastest growing private companies in the United States. The companies number among the 1,076 construction and manufacturing business to make the list, a higher than expected percentage of the list ...
More than 20 glass industry companies earned places on the Inc. 5,000 list of fastest growing private companies in the United States.
The companies number among the 1,076 construction and manufacturing business to make the list, a higher than expected percentage of the list, said Inc. 5,000 Project Manager Jim Melloan in his introduction to the list.
“The construction and manufacturing industries, historically not particularly well represented on the Inc. 500, are the two largest categories on the Inc. 5,000, with each one constituting more than 10 percent of the list,” Melloan said. “The median three-year growth for construction firms on the Inc. 5,000 is 108 percent, for manufacturing firms it’s 98 percent.”
Geographically, the Midwest was the fastest growing region, with 1,046 companies of the 5,000 on the list. The West followed with 884, the Southeast with 872, the Northeast with 782 and the Mid-Atlantic with 606, according to the release.
The industry-related companies to achieve the highest rankings on the list belong to the quickly growing photovoltaic segment. AEE Solar of Redway, Calif., was ranked 312 with 846 percent three-year growth, and GT Solar of Merrimack, N.H., 342 with 801 percent growth.
Next came Storm Smart Building Systems of Fort Myers, Fla., at 1,114 with 321.9 percent three-year groth. Storm Smart is a dealer of hurricane resistant products, including windows and glass doors.
The Dwyer Group of Waco, Texas, parent of Glass Doctor, came in at 1,413 with 254.9 percent growth, and laminated glass clean-room manufacturer Joe’s Refrigeration made it to No. 1,803 with 200.5 percent growth.
Two contract glaziers followed. Sowards Glass of Topeka, Kan., made 1,951 on the list with 185.5 percent three-year growth, and Cutting Edge Glass of Denver reached 2,014 with 178.2 percent growth.
Nana Wall Systems of Mill Valley, Calif., was ranked 2,556 with 136.4 percent growth; Chapmans Mirror & Glass of High Point, N.C., was 2,787 with 121 percent growth; and Wojan Window & Door of Charlevoix, Mich., 2,848 with 117 percent growth.
Custom window fabricator and installer United Glass & Panel Systems of North Canton, Ohio, came next at 2,935 with 111.9 percent growth, followed by All Action Architectural Metal & Glass of Edison, N.J., at 3,250 with 96.1 percent growth, and Irving, Texas-based Mammen Glass & Mirror at 3,341 with 91.7 percent growth.
Coastal Glass Distributors followed at 3,558 with 82 percent growth, and Sound Glass Sales at 3,998 with 62.7 percent growth.
Cambridge, Ohio-based spacer producer Edgetech I.G. was ranked 4,016 with 61.9 percent growth, and Nanuet, N.Y.’s W&W Glass was 4,058 with 60.4 percent growth.
Glass machinery company Salem Distributing of Winston-Salem, N.C., was 4,095 with 58.9 percent growth; Midwest Glass of Brookings, S.D., 4,146 with 57.7 percent growth; and American All Door & Window of Woodstock, Ga., 4,152 with 56.7 percent growth.
Closing out the list were Quint G, a glass and aluminum supplier out of South Elgin, Ill., at 4,481 with 44 percent growth; Maryland Glass & Mirror of Baltimore with 39.5 percent growth; and Rex Glass & Mirror Co. of Pittsburgh, with 30.5 percent growth.
Read more about the companies that made the list in an upcoming issue of Glass Magazine.
To learn more about Inc. 5,000, or to be consider for the next edition of the list, click here.
Pella buys Efco
Residential window and door manufacturer Pella Corp., of Pella, Iowa, acquired Efco Corp., of Monett, Mo., on Aug. 28 for an undisclosed amount, according to an Aug. 30 Pella release. The aluminum curtain wall, window and storefront company will now be known as Efco, a Pella Company, according to the release … read more
Gas prices to decline
Gasoline prices rose slightly last week in response to the threat of Hurricane Dean should retreat this week, reported, according to an Aug. 27 Tampa Bay Business Journal article … read more
Construction job cuts could exceed 1 million
More than 1 million construction jobs could be lost if a housing downturn causes a recession and tighter credit access limits investment, according to an Aug. 26 reuters.com article.
Nonresidential construction may continue to offset a housing downturn, but recent credit market turmoil indicates job cuts may increase in the next few months, according to the article … read more