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Arch Aluminum and
Glass Company, Inc. has announced it has reached an agreement to
purchase the assets of Bay Mirror, Inc. of Newark, CA. According to
Arch Chief Operating Officer Tony Clark, "We are very thrilled
that we have successfully negotiated this transaction and anticipate
closing the deal by mid May."
According to
Clark, "the long-time owner of Bay Mirror, Gene Jafee, recently
made the decision to retire from the daily rigors of the mirror
business. Gene, and the employees of Bay, have spent many years
forging a very strong reputation for producing and marketing mirror
products of unsurpassed quality. The strength of the brand they have
built creates a great opportunity for Arch as we continue to grow our
position as a premier North American supplier of mirror
products."
Once the agreement
is finalized, Clark states "Arch will embark upon a significant
capital expenditure focused on augmenting the output of the existing
facility. We intend to modernize the silvering line, as well as
procure new transportation and fabrication equipment, which will allow
us to dramatically expand upon the current product offering."
Arch Aluminum
& Glass is an American-owned, family business that operates
facilities in Arizona, Florida, Georgia, Iowa, Indiana, Kansas,
Mississippi, North Carolina, New Jersey, Oregon, and Wisconsin.
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