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.