The rumor had been floating out there for a while. In fact rumors surrounding both companies are almost like a cottage industry. Now the “rumor” has hit the main stream news. I am talking about PPG and Vitro. PPG selling it’s flat glass division to Vitro. The Pittsburgh Post-Gazette acquired anindependent auditors report and then released a story late last Friday night. Obviously this does not mean a sale is immenient. We don’t know exactly what sort of report it was as the story doesn’t dig into specifics. But the fact the Post Gazette ran with this story is very interesting… it now brings this backroom discsussion to the public. We’ll see if this marriage happens or if something else swerves in it’s way. In any case this will be one to watch.
-- We are halfway through the year, so let’s do some looking back and some peering ahead. 2016 got underway with some early weather issues and dropping oil prices. Both of those items were especially unkind to the great state of Texas. Bird friendly glazing continued to be in the news and growing in the minds of designers, building owners, and consumers. Hopefully it will find more usage as well. Also in the first half of the year, another successful industry gathering at BEC, ending an increbile run of success by Jon Kimberlain of Dow Corning in the lead of that event. From an overall economic side, both residential and non residential starts and put in place are running ahead of forecasts and the analysts are bullish. The ABI and DMI also looked solid during Q1 and 2.
So now looking ahead, will oil prices stay low or start to grow? The bi-annual glasstec in Germany hits in September and I’ll be curious on where the vibe is there, especially given the whole “Brexit” adventure in play. GlassBuild America goes a month later than usual this year and is bigger than ever- bigger floor space, more exhibitors, and tremendous innovation and networking to be had. That’s in October. I still expect other acquisition news to hit- (aside from mentioned above) though being a major sellers market, there may be some delay in any of that happening with valuations a lot higher than folks would like to pay. Of course no looking ahead can happen without the one thing that most likely will be life changing. The 2016 Presidential election. No words can probably describe that one accurately…. Anyway it should be an interesting run to 2016… buckle up!
-- Speaking of GlassBuild, just a reminder on the Glazing Executives Forum. Two great keynotes (George Hedley and Ken Simonson) and “Solution Sessions” that will be well worth your time. To learn more and join the growing registration list- visit http://www.glassbuildamerica.com/glazing-executives-forum.html
-- The winners of the Glass Magazine photo contest are out and I loved the winner. A picture of glass after going through a two hour fire test. Just an awesome shot overall. This contest was a fun one and I expect it grow and be even better in the future. Our industry has a ton of great looking and innovative pieces… let’s keep pounding our chests and show it off!
-- I’m a bit late on this but congrats to Bobby Hartong and his family, his partner and my brother Steve, and everyone at WA Wilson in West Virginia on their 175th Anniversary! Yes 175 years… amazing accomplishment and could not have happened to nicer folks too. That party in 25 years for the 200th will be a wild one….
-- If you have the slightest interest in the growing 3D Printing world, this link is for you. A ton of great insight and resources in one place thanks to Benesch Law and my good pal and industry supporter Rick Kalson.
-- Last this week… interesting article on the Las Vegas building market and how the tall residential towers are not in the future plans… I wonder if this same fate awaits Toronto? Eventually there’s just too much. Good piece overall though….
LINKS of the WEEK
Is this really true? The Waldorf no more?
Totally depressing that the government booted this issue. The “May contain” label is so important- so of course they screw it up.
Rough relationship finally reaches an ending I think.
VIDEO of the WEEK
I hate the ESPY’s but am a fan of John Cena. Good work here with SNL fave Leslie Jones.