Leading manufacturer of primary aluminium, fabricated aluminium and alumina, Alcoa announced on 28 June that it has agreed to acquire Traco, a premier manufacturer of windows and doors for the commerc…
Leading manufacturer of primary aluminium, fabricated aluminium and alumina, Alcoa announced on 28 June that it has agreed to acquire Traco, a premier manufacturer of windows and doors for the commercial building and construction market. “Traco“s strong brand and product lines are well known throughout the commercial building market and we look forward to helping the brand continue to flourish,” said Glen Morrison, president of Alcoa Building and Construction Systems. “The Traco portfolio of products and commitment to quality and customer service dovetails with Alcoa“s focus on customers. Through this combination, we see many opportunities to grow our collective business through better service, more comprehensive product offerings and greater efficiency, he added. “We are excited about the growth potential presented by this transaction and looking forward to deploying strategies to realize these opportunities once it is completed.” Traco, with 650 employees, was founded in 1943 and offers a full range of window and door manufacturing and services, including engineering, extrusion, finishing and electrostatic painting, glass insulation and tempering, and glass lamination. On completion pf the acquisition, Traco will become part of Alcoa Building and Construction Systems (BCS), a global provider of architectural systems, services and building products to the construction market with 26 operating locations in nine countries. The transaction, subject to customary regulatory reviews, is expected to be completed by the end of the third quarter 2010. Terms were not disclosed.