Viracon Expands into Latin America
November 19, 2010
Viracon Inc. has acquired 100 percent of the stock of Glassec Vidros de Seguranca Ltda, an architectural glass fabricator in Brazil. Glassec will become part of Viracon and be called Glassec Viracon.
“Glassec has built a tremendous business in Brazil, and its business strategy aligns closely with that of Viracon – serving complex commercial projects with high-quality, energy-efficient glass,” says Greg Silvestri, Viracon’s president. “We look forward to working with the Glassec team to learn more about this key emerging market and help bring Viracon’s capabilities to these markets.”
Founded in 1991, Glassec’s 100,000 square-foot fabrication facility is located 90 minutes outside of Sao Paulo, Brazil and has 250 employees.
“We’re pleased to join a financially-strong, global leader in glass fabrication,” says Dario Farhat, general manager of Glassec Viracon. “We are looking forward to capitalizing on the synergies of the two companies and drawing on Viracon’s expertise to better serve our customers, and expand our market share in Brazil and Latin America. In addition, joining the Viracon family will provide more opportunities for our employees and our customers.”
The existing management team will continue to lead the company with Dario Farhat reporting to Greg Silvestri.