Industries Ltd. and Colonial Glass Solutions Form Business Venture
Goldray Industries Ltd. of Calgary and Colonial Glass Solutions
in Brooklyn, N.Y., have formed a business venture that combines
the capabilities of both companies. The new company, to be named
Goldray USA, will manufacture and distribute architectural glass
products into the Northeastern United States and New England.
The current Colonial Glass facility will be used as a platform
for the venture, where the company will import Goldray's manufacturing
systems and expertise in decorative glass into its current operations.
The company is also making an extensive investment in plant upgrades
to add decorative glass manufacturing capabilities; it will continue
utilizing its cutting, tempering and fabricating capabilities.
According to Greg Saroka, president of Goldray Industries, the
combination of Goldray's diverse product line and technical strength
and Colonial's location and manufacturing infrastructure will produce
a remarkable, unrivaled company in the glass industry.
"The alliance with Colonial couldn't have happened at a better
time. Many of our customers are located in the Northeastern United
States and with the global desire to conserve energy resources,
it only makes sense to manufacture products in the area in which
they will be consumed," says Saroka. "Also, with new product
lines and additional manufacturing space coming on board at the
Calgary facility in January, this move allows us to transfer some
of our capacity requirements to New York."
Zach Weiner, president of Colonial Glass Solutions, will be an
equal partner with Saroka in the new venture.
"This partnership could not have come at a better time for
Colonial and our customers," says Weiner. "Goldray's reputation
as a reliable supplier was the main reason I decided to team up
with Greg. This alliance allows us to leverage our strategic location
with superior products, reliability and technical support."
Colonial and Goldray have already begun to integrate operations
and eliminate redundancies in their business operations. In addition,
the facility will upgrade its order processing and accounting systems
to Goldray's proprietary system that was developed specifically
for the glass industry.
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