Glass Acquires Texas Wall Systems Inc.
Oldcastle Glass, headquartered in Santa Monica, Calif., has announced that
it has acquired Dallas-based Texas Wall Systems Inc., a provider of high-performance
curtainwall systems and engineering services for commercial, institutional and
multi-story condominium construction markets.
Texas Wall Systems will become part of Oldcastle Glass' engineered products
division, which was created by incorporating several Oldcastle Glass companies
into one unit. Included in the new division are Fulton Windows, Southwest Aluminum
Systems and Oldcastle Glass Retail Storefronts.
"Texas Wall Systems is a very attractive acquisition and is an ideal fit
within our new Engineered Products division," said Ted Hathaway, chief executive
officer of Oldcastle Glass. "It is a superb company that is well-positioned
for growth. This acquisition significantly broadens our product offering."
"Oldcastle Glass provides Texas Wall Systems with a depth of capabilities
and financial resources to draw upon," said Larry Long, president of Texas
Wall Systems. "This partnership will strengthen our company as we enhance
our product offerings, further improve service levels and bring greater value
to our customers."
Long, who has been with the company since 1981 will continue to serve as president
of the company after the Oldcastle acquisition.