Easton sells Gamma curtain wall company

Date: 18 August 2011
Source: http://www.frej.net
DORAL - Edward W. Easton Family LTD, an investment group controlled by South Florida entrepreneur Edward W.

Easton, has finalized the merger of Gamma U.S.A., a leading manufacturer and installer of curtain wall, with Far East Global Group, a publicly traded company based in Hong Kong.

Far East Global Group has purchased a 55% stake in Gamma, of which Easton is its majority shareholder.

Far East Global Group paid $27 million for its controlling interest. Edward W. Easton Family LTD will maintain a 25% ownership stake in Gamma, which is headquartered in Hialeah, New York City, and Quebec City, Canada.

Easton will hold a seat on the new company’s board of directors. With the merger, Far East Global Group now becomes one of the top three curtain wall manufacturers in the world.

Edward W. Easton Family LTD purchased Gamma Industries on the Canadian stock exchange in 2007 for $5.4 million and immediately took the company private. Easton’s participation came as a result of a relationship he had with one of his commercial real estate tenants, Elliot Kracko.  

Kracko had years of experience in the curtain wall industry and saw real opportunity with Gamma Industries. With Easton’s real estate contacts and access to capital, the two partnered to purchase the company, with Kracko owning 44% and the Easton family owning 56%.

Easton made his name developing and investing in commercial real estate over the past three decades. But as the real estate market slowed down considerably, he identified other business opportunities by networking with his 832 tenants. 

600450 Easton sells Gamma curtain wall company glassonweb.com
Date: 18 August 2011
Source: http://www.frej.net

See more news about:

See more from these topics:

Others also read

The new $80 million, 221-foot-tall, torch-shaped tower has improved safety, security and design standards, and has obtained LEED® Gold status.
Comar in conjunction with their approved fabricator Tradeglaze provided and installed the Aluminium solutions for the new KLIC Innovation Centre, Nar Ouse Regeneration area based in Kings Lynn, Norfolk
When representatives of the glass, window and door industries converge on Las Vegas next week for GlassBuild America, they’d be wise to check out Lucky Dragon Casino and Hotel.
Elements from all of Kawneer’s architectural glazing ranges feature on a new leisure centre.
Using structural glass materials supplied by W&W Glass and fabricated in the United Kingdom by Pilkington, the project was glazed by Juba Aluminum Products.
The 185.5 m Allianz Tower in Istanbul is the first LEED Platinum-certified skyscraper in Turkey.

From industry


Add new comment