Plans to Make Glass "Core Business," New CEO Says
Zeledyne LLC, which company officials announced yesterday had purchased
Ford Automotive Components Holdings glass business and its plants,
plans to make glass its "core business," Michael McCarney, the chief
executive officer (CEO) for the Tulsa-based company, told USGNN.comô/USGlass
magazine today. (CLICK
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"The key in our strategy right now is that glass has been kind
of a secondary business for both Ford when they owned it, Visteon
when they owned it, and quite frankly even ACH under the Ford umbrella,"
he said. "But under the Zeledyne name plate, this is our core business."
With this new focus, the company also plans to upgrade much of
the existing equipment at both its plants in Nashville, Tenn., and
"Two of our float lines have recently been rebuilt-our Nashville
float and our T2 float in Tulsa is under construction right now,
and we have plans for our third float in Tulsa. This is going to
posture us very positively in the glass business," he said. "Essentially,
we have a three-float company structure right now and all three
will be brought up to the latest level and, by the end of next year,
we'll have them all completely re-built."
All of the company's current brand names, including Versalux architectural
glass, now will be branded with the Zeledyne name, effective immediately,
according to McCarney.
Otherwise, though, no interruptions in production nor major personnel
changes are expected.
"We're actually a privately owned company taking over the existing
facilities and we're taking most of the existing employees with
us," said McCarney, who brings 30 years experience with Ford to
his new position. "We expect it to be a seamless transition."
While McCarney advised he couldn't reveal much about the company's
strategic plans for the future, he noted that growing Zeledyne's
original-equipment (OE) customer base will be a priority.
"We've got a very strong record of engineering and program management
performance with the automotive and OE suppliers and we're going
to be working very closely to broaden our OE customer base," he
He added, "We have an excellent team here in place. We're looking
forward to taking the business forward."
The newly founded Zeledyne was created by Robert Price, a Tulsa-based
private investor, who now serves as chair of the company.
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