Viracon Expands into Latin America

Date: 23 November 2010
Source: Viracon Inc.
Viracon Inc. has acquired 100 percent of the stock of Glassec Vidros de Seguranca Ltda, an architectural glass fabricator in Brazil.

Glassec will become part of Viracon and be called Glassec Viracon.

“Glassec has built a tremendous business in Brazil, and its business strategy aligns closely with that of Viracon – serving complex commercial projects with high-quality, energy-efficient glass,” says Greg Silvestri, Viracon’s president. “We look forward to working with the Glassec team to learn more about this key emerging market and help bring Viracon’s capabilities to these markets.”

Founded in 1991, Glassec’s 100,000 square-foot fabrication facility is located 90 minutes outside of Sao Paulo, Brazil and has 250 employees.

“We’re pleased to join a financially-strong, global leader in glass fabrication,” says Dario Farhat, general manager of Glassec Viracon. “We are looking forward to capitalizing on the synergies of the two companies and drawing on Viracon’s expertise to better serve our customers, and expand our market share in Brazil and Latin America. In addition, joining the Viracon family will provide more opportunities for our employees and our customers.”

The existing management team will continue to lead the company with Dario Farhat reporting to Greg Silvestri.

600450 Viracon Expands into Latin America glassonweb.com
Date: 23 November 2010
Source: Viracon Inc.

See more news about:

See more from these topics:

Others also read

Hydro Extruded Solutions AS has agreed with Arconic to acquire its two extrusion plants in Brazil. The agreement will strengthen Hydro’s downstream position in Brazil and create a solid platform for further growth.
Diversified manufacturer Saint-Gobain, Courbevoie, France, has agreed to acquire two companies: Brazilian adhesives company TekBond and German scrim manufacturer Kirson.
Saint-Gobain is boosting its presence in Brazil with the acquisition of the network of Tumelero Materiais de Construção sales outlets in the country’s southernmost state, Rio Grande do Sul.
A new line of products strengthens the collaboration between the Fenzi Group, a world leader in chemicals for glass processing, and the Brazilian company, GR – Gusmão Representações that distributes the best glass technology on the domestic market.
Check the news of the 12th Glass South America, the main business platform in the glass sector in Latin America.

Add new comment