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0 Comments | Jun 30, 2010

Alcoa Buys Traco Windows & Doors

This past Monday, Alcoa Inc. announced that it would be acquiring the commercial window and door manufacturer Traco Inc., based in Cranberry, PA. The terms of agreement were not released by the aluminum giant located on the North Shore of Pittsburgh. It is expected to be ironed-out and complete by the end of the third quarter. This deal means that the fate of Traco will now be in the hands of the Building and Constructing business of Alcoa; it represents a “strategic opportunity for growth in the commercial and architectural marketplace,” Traco CEO Robert P. Randall said a few days ago.

The deal was not a takeover, and Randall professed that is was “in the best interest” of Traco as a whole, including the future of its some 650 employees. Not much has been released by either company, so no details are available other than the fact that Traco will be absorbed by the Building and Construction business of Alcoa. A spokesperson at Alcoa said that the company sees the Traco brand “continuing to flourish”.

Traco was founded as the Three Rivers Aluminum Company in 1943 and offers a full range of window and door manufacturing services. Engineering, extrusion, glass-finishing and electrostatic painting, insulation, tempering (for automobiles, etc.), and lamination. All operations are run out of the Cranberry, PA location.

The most pertinent aspect of this deal, we feel, is that Traco had just landed a contract with the Department of Energy to the tune of a stipend totaling $1.32 million. This is stimulus money to engineer energy efficient R5 commercial windows, which consist of triple-paned glass, not double-paned. The research project to allow for lean manufacturing of these energy efficient windows itself totals $2.64 million. Traco had already established itself as a major contender in the commercial window manufacturing business, but this news leaves one to believe that Traco will start to expand its customer base rather quickly, and rightfully so.