Long Point Capital
Date of Announcement: 1/6/2005
Long Point Capital Announces...
Long Point Capital is pleased to announce the sale of its equity interest in Arch Aluminum & Glass. In September, 2004, the Silverstein family, Arch's founders, along with an equity partner, recapitalized the Company to purchase Long Point Capital's equity interest and to provide the capital to continue Arch's rapid growth. Since LPC's recapitalization of Arch in September, 1999, Arch has acquired or opened 10 operating facilities. Revenues have almost doubled under LPC ownership, and Arch now has a national presence in the fragmented architectural glass and aluminum industry. Arch Aluminum & Glass is a Florida-based fabricator and distributor of glass and architectural aluminum products serving the commercial and residential construction industries.