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Tecnoglass Forms Distribution, Sales Alliance with Schüco

Posted On September 24, 2018
By : Editorial Staff
Comment: Off
Tag: aluminum, barranquilla, bolsa de valores de colombia, bvc, bvc:TGLSC, christian daes, christian daes abuchaibe, Citibank Colombia, colombia, colombia stock exchange, columbia stock exchange, Dividend, E.S. Windows, energia solar, fitch ratings, Giovanni Monti and Partners Consulting and Glazing Contractors, glass, Glazing, gmp, Joaquin Fernandez, jose daes, josé m. daes, jose manuel daes, llc, long-term foreign currency issuer default rating, long-term local currency issuer default rating, miami, nasdaq, nasdaq:tgls, nyse:tgls, ocensa, plate glass, Quarterly Dividend, Santiago Giraldo, Schüco, Schüco USA, Schüco USA LLLP, technoglass, tecnoglass, tgls, tglsc, yuyo daes

Barranquilla-based window-maker Tecnoglass, Inc. (NASDAQ: TGLS) has formed an alliance with home building products manufacturer Schüco USA LLLP that will touch on distribution, manufacturing, and materials.

The partnership creates a shared distribution network in the Americas and will allow Tecnoglass to manufacture and sell Schüco-branded products in North America and Latin America.

Tecnoglass will also supply glass and aluminum products to the German-headquartered company, which specializes in window, door, and facade systems for homes and buildings.

“This alliance is a remarkable opportunity for Tecnoglass to serve new markets and expand its offering of cutting-edge products,” said Christian Daes, chief operating officer of Tecnoglass.

READ MORE: Tecnoglass to Pay Dividend of $0.14 per Share on November 19

“This is a win/win for both companies,” he added. “Jointly we will be able to take advantage of Tecngolass’ state-of-the-art production facilities while sharing each other’s established distribution networks across the Americas.”

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