Bent Glass Owner Acquires Certain Business Assets of Coastal Glass
October 16, 2009
D. Michael Hartley, owner of Standard Bent Glass, Global Security
Glazing and Lexgard Laminates, has acquired certain business assets
of Coastal Glass Distributors in Charleston, S.C. The purchase has
no financial ties to Hartley's other companies, though he has granted
a partial ownership to his key managers.
The acquisition includes receivables, machinery and equipment,
the truck fleet, customer list and the name Coastal Glass Distributors.
The acquisition did not include the Jacksonville, Fla., location.
Hartley told USGNN.com he decided to pursue the purchase
because he saw it as a nice complement to his company's other businesses.
"[The businesses] did not conflict and there is a lot of common
territory where I think we can do a better job," says Hartley.
"I expect there will also be common sales agents."
He continues, "Coastal did a good job of servicing the Southeast
and had a good name in the industry. Unfortunately, the economic
times caused its demise. Now, we feel we can turn it around and
bring it back to where it was," says Hartley, who adds that
they are geared to resume operations on Monday, October 19.
With business resuming at the plant in Charleston, it will also
mean that some of the company's former employees will be back to
"Those employees we are bringing back are ones who have been
with Coastal at least four years," says Trent Hartley, sales
and marketing manager, who also spent nine years in that role at
Coastal. Jack Hoey, who had served as president of Coastal, will
not be returning.
As far as the company's production capabilities, the Hartleys say
they will remain as they have been.
"We're trying to re-establish the good service Coastal was
known for in the past," says Trent Hartley. "We are planning
to [return the company to] what it was three or four years ago,
but it will take time. We'd like to get back to servicing the exact
routes it did then, covering North Carolina, South Carolina, Georgia
and Northern Florida."
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