AFG Industries Purchases InterEdge Technologies from Leon Silverstein and Other Investors

AFG Industries has acquired InterEdge Technologies, a supplier of clear, fire-rated glazing products located in Sausalito, Calif., from a group of investors, which included Leon Silverstein, president and chief executive officer of Arch Aluminum & Glass. The deal was finalized last week.

InterEdge Technologies, established in 1999, is a U.S. fabricator and distributor of Pyrobel clear fire-rated products manufactured by Glaverbel of Brussels, Belgium. InterEdge also manufactures PyroEdge, a clear, 20-minute fire and safety rated product, and offers a range of framing solutions for specific applications. Glaverbel and AFG Industries are subsidiaries of Asahi Glass Co. of Japan.

In making the announcement, John Litzinger, president of AFG, said, "The acquisition continues our clear corporate strategy of harmonizing Asahi, Glaverbel and AFG operations worldwide in an effort to not only develop products to meet the needs of individual markets, but to bring an unprecedented level of service and support to our customers. We look forward to building the North American market for fire-rated glass products through our national sales organization and network of AFG Fabrication operations. InterEdge has an excellent reputation for quality and service along with the technical and code knowledge to support customers in making informed decision in this complicated market."

Scott Foote, president of InterEdge Technologies, who will continue as an active consultant to AFG, added, "We see the acquisition of InterEdge Technologies by AFG as a natural stepping stone in our company's future development and growth. We will continue to strive to bring outstanding and unique fire rated glass products and services to the market." Foote mentioned that they will continue to expand the Vision System offerings in 2005 and 2006, a butt-glazed transparent wall system which was introduced in 2004.

Foote, who started the company and was also an investor, stated, "It was an opportunity for myself and the [other] investors. Being connected with AFG and having a more direct relationship with Glaverbel will fuel growth in the future."
He said that it "was the logical next growth step." Foote could not disclose the other investors.

InterEdge Technologies becomes part of the AFG Fabrication group headed by John Stilwell. Its headquarters remain in Sausalito.

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