Grey Mountain Partners has acquired the assets of North American Specialty Glass (NASG) out of Chapter 7 Bankruptcy.
Headquartered in Pennsylvania, NASG is one of the largest safety and security glass producers in the US, serving customers worldwide with high-performance transparency systems for transportation, architectural, military and other specialty end-use applications.
Additionally, NASG is an industry leader in the development of glass and polycarbonate laminate technology.
Tom Ryan, chief executive of Consolidated Glass Holdings, an affiliate of Grey Mountain Partners, says: “With a commitment to customer service and quality products, NASG has a reputation for providing consistently superior laminated glazing systems and components. At CGH, our goal is to bring long-term sustainability to NASG by running a first-class operation and leveraging our other glass fabrication businesses to expand the scope of our offering. We welcome NASG’s talented management team, and we look forward to immediately reopening the business and working with customers to satisfy their needs.”
“We are thrilled to partner with Grey Mountain and CGH,” says Ted Jenny, president of NASG. “This acquisition and injection of additional capital saved nearly 100 jobs and will allow us to rapidly return to production. We greatly appreciate the continued support of all of our customers through this process. The NASG team is motivated and ready to provide our customers with an even higher level of service and quality products.”
Beth Lesniak, vice president of Grey Mountain, says: “With a well-capitalised balance sheet, NASG will be stronger than ever and is poised for tremendous growth. The unique capabilities of NASG will further differentiate and add value to our investments in the glass fabrication space.”
