Emhart Glass To Benefit From Company Acquisition

Early last week, Emhart Glass Manufacturing completed the acquisition of a Florida-based competitor that will mean good things for the Emhart facility, located in Elmira's northeast corner.

Emhart Glass, 1140 Sullivan St., makes equipment used by the "hot" and "cold" ends of the glass-making industry.

The business cycle for hot-end products -- used to heat and shape the molten glass -- runs about six to 10 years.

A customer buys a piece of machinery and doesn't plan on replacing it for another decade.

The inspection equipment used on the cold end, after the glass containers are manufactured, is generally replaced at a quicker pace as technology marches on.

In Elmira, Emhart produces "cold end" machines used to inspect glass containers for defects.

Emhart is based in Switzerland and operates three facilities in North America -- Elmira, Enfield, Conn., and Owensville, Mo. -- and several others in Europe and Asia.

Elmira, however, is the only location that turns out inspection equipment for the company.

The deal, reportedly for about $14 million, closed on March 20 and brings ICS Inex Inspection Systems of Clearwater, Fla., into the Emhart family.

The Elmira division, renamed Emhart Glass Cold End after a company restructuring last year, is now called Emhart Inex and will continue as Emhart's only source of glass-making inspection equipment.

600450 Emhart Glass To Benefit From Company Acquisition glassonweb.com

See more news about:

Others also read

Extremely fine glass powder from SCHOTT provides greater stability and density to high-quality composite dental fillings.
Delphi Glass, the premier source for all glass craft needs, offers a more convenient way to fuse glass and create custom jewelry -- the microwave kiln.
Inside Sales is  pleased to welcome Shannon Forthuber as the  newest team member at Morse Industries, a provider  of top-of-the-line aluminum, stainless steel, plastic  and custom parts and extrusions for the marine,  architectural, and fixture industries as well as other  industrial manufacturers.
HyRadix® Inc., a leading provider of on-site hydrogen generation systems and supply solutions, has entered into an agreement with Praxair India, a subsidiary of US based Fortune 300 company, Praxair, Inc., for the supply of the HyRadix Aptus® on-site hydrogen generator for industrial hydrogen applications within India.
The company will be eligible for a loan forgiveness credit of $500,000 provided that it creates and retains 90 jobs by the third anniversary year of the assistance agreement.
The Kootenai County solid waste director in northern Idaho says the county will no longer accept recycled glass when the new year starts.

Add new comment