Colombian window and glass manufacturer Tecnoglass, Inc. (NYSE: TGLS) has announced a strategic partnership with Wells Fargo to create a new financing program for customers of ES Windows, a wholly owned distributor and retailer of Tecnoglass products.
According to the Barranquilla-based company, the move is aimed at driving incremental sales and targeting a broader audience as part of a strategy to expand its presence in the single-family residential market.
“We believe this program will help generate revenue for Tecnoglass partners by reducing the cost of financing window renovations,” said Tecnoglass CEO José Daes. “Offering access to a variety of affordable financing solutions can be an important competitive advantage to attract consumers making structural upgrades, such as windows.”
CFO Santiago Giraldo added that this financing program will complement its ongoing expansion push as well.
“We are excited to make Wells Fargo’s attractive financing options accessible to help make high-quality window upgrades a reality for property owners,” said Giraldo. “We are rapidly expanding our product lines, opening show rooms, and entering new geographic markets to fuel the expansion of our single-family residential business. This financing program complements those efforts.”
(Photo credit: Tecnoglass)