William Stone Purchases Louisville Plate Glass from
June 15, 2009
Effective June 1, United Glass Corp. (UGC) sold its wholly-owned
subsidiary Louisville, Plate Glass (LPG) to William A. Stone, one
of the original founders of UGC. According to a company announcement,
LPG will continue to operate in its traditional marketplace with
UGC maintaining a supplier relationship with LPG.
Lawrence O'Connell, UGC chief executive officer, said the transaction
was completed to take advantage of significant capital investments
recently completed at UGC's Atlanta and Cheswick, Pa., locations,
reported the announcement.
The company also reported that the acquisition of heat-treat ovens,
fabrication equipment and automated systems provide the basis for
UGC to realign and expand sales territories serviced by its five
remaining glass and aluminum fabrication operations. These locations
are: PDC Glass in Cheswick, Pa.; PDC Aluminum in Cheswick, Pa.;
PDC Michigan in Detroit; MTO in Columbus, Ohio; and TGI in Atlanta.
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