C.R. Laurence co. Inc. (Crl) announces acquisition of australian glass tools Pty, ltd. (Agt)

Date: 25 February 2009
Source: C.R. Laurence

Date: 25 February 2009

C.R. Laurence Co. Inc. (CRL), a leading supplier to the glazing, railing, architectural, construction, industrial, and automotive industries, is pleased to announce the acquisition of Australian Glass Tools Pty, Ltd. (AGT) in Melbourne, Victoria, by CRL’s Australian subsidiary, C.R.

Laurence Australia Pty, Ltd.

In making the announcement, Lloyd Talbert, President of CRL, said, “Australian Glass Tools (AGT) was founded in 1993 by Ron Bremner, and has grown to be a well-known supplier to the glazing industry within Victoria and throughout Australia. Mr. Bremner also developed a line of vacuum cup lifters, which has been successfully marketed in Australia, Europe and the United States.”

Australian Glass Tools is located in Scoresby, a prime industrial/commercial section of Melbourne. With the acquisition, CRL plans to immediately begin construction of a new 54,000 square foot facility in Scoresby to bring the companies’ combined product line to Victoria.

Talbert also announced, “CRL is very proud that all the employees of AGT will be staying on, including David Bremner, Ron Bremner’s son, who has worked with his father to build this successful business. David will act as Director of the operation, and, Ron Bremner will be the Director of Manufacturing. As such, he will be in charge of the vacuum cup lifter product line, responsible for the development, production, sales, and marketing of this important line. We are very excited about this acquisition and expansion, as well as our planned extension of the marketing reach of AGT’s extensive line of vacuum lifters.”

C.R. Laurence Australia Pty, Ltd. is a wholly owned subsidiary of C.R. Laurence Co, Inc. (CRL), and Luke Collins serves as the Managing Director.

Talbert adds, “This new acquisition continues our endeavors to become a full service provider to the glazing industry throughout all of Australia. When we first entered the Australian market in 2006 with the acquisition of CRL North Australia Pty, Ltd., we built a new 54,000 square foot facility in Eastern Creek, NSW, outside of Sydney. With that expansion, we brought our entire 50,000 item product line to the Australian market. Now, with the AGT acquisition, we can bring that same line to customers in Victoria.”

The new Scoresby facility will feature state-of-the-art shipping equipment and computer systems for quick delivery to customers. Customers will be able to pick up orders on site. A large showroom will display some of CRL’s newest products, including full size working models of CRL’s architectural hardware products, frameless shower door hardware, railing systems, and transaction security hardware. C.R. Laurence is a leading supplier to the glazing, railing, architectural, construction, industrial, and automotive industries. Offering more than 50,000 different products, the company serves the industry from 23 locations throughout North America, Europe, and Australia.

600450 C.R. Laurence co. Inc. (Crl) announces acquisition of australian glass tools Pty, ltd. (Agt) glassonweb.com

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