AMERICAN ARCHITECTURAL PRODUCTS CORPORATION COMPLETES THE SALE OF EAGLE WINDOW & DOOR TO LINSALATA CAPITAL PARTNERS
May 8, 2002
On May 6, 2002, American Architectural Products Corporation ("AAPC") completed the sale of substantially all the assets of its wholly owned subsidiary, Eagle & Taylor Company d/b/a Eagle Window & Door, Inc. ("Eagle") to a company controlled by Linsalata Capital Partners ("Linsalata"). Linsalata emerged as the successful bidder through a competitive bidding process authorized by Section 363 of the U.S. Bankruptcy Code and approved by the Bankruptcy Court. Conway, Del Genio, Gries & Co., LLC ("CDG") served as financial advisor to AAPC in the transaction.
Linsalata is a Cleveland, Ohio based private equity fund, founded in 1984 by Frank Linsalata. Linsalata is a leading private equity firm focused on acquiring middle market companies and using its expertise and resources to accelerate the growth of these businesses.
Eagle, founded in 1977 and acquired by AAPC in 1996, is a leader in the fenestration industry, providing premium aluminum-clad and wood windows and doors. AAPC filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code on December 18, 2000. The completion of the sale marks a major milestone in AAPC’s restructuring efforts.
Earlier this year, AAPC completed the sale of substantially all of the assets of American Glassmith Inc., Binnings Pan American, and the aluminum extrusion businesses of American Weather-Seal Company. CDG served as financial advisor to AAPC in these transactions.
AAPC manufacturers and markets a broad range of fenestration products, including windows and doors, primarily for light commercial and residential applications, through its wholly owned subsidiaries located throughout the United States.
Conway, Del Genio, Gries & Co., LLC is acting as financial advisor to AAPC during its reorganization. For further information, please contact Robert A. Del Genio of CDG, a firm specializing in corporate finance advisory services with a focus on restructurings and mergers and acquisitions. Mr. Del Genio’s telephone number is (212) 813-1300.