American Fireglass Announces Intent to Acquire California Outdoor Concepts
Thursday, September 22, 2016
American Fireglass has entered into serious discussions with California Outdoor Concepts regarding intent to purchase their assets in hopes of acquiring California Outdoor Concepts in the near future.
The acquisition will enable American Fireglass to offer more products and will enhance competition in the fireplace/fire pit glass and burner products industry. California Outdoor Concepts will remain in business during the transition. American Fireglass will offer the additional products as a wholesaler with their vast network of resellers.
California Outdoor Concepts was established in 2001 and concentrates on distribution channels such as: catalogs, furniture stores, garden centers, hardware stores, home centers, Internet resellers, and specialty retailers. It specializes in handcrafted fire pits, fire tables and outdoor accessories.
Clint Blevins, who founded California Outdoor Concepts, would step down as CEO but continue to work with American Fireglass for a period of time to ensure a smooth transition.
The partnership between American Fireglass and California Outdoor Concepts combines two industry leaders that provide customers with products and accessories to enhance their outdoor experience.
“Our aim is simple,” said Matt Doll, founder and president of American Fireglass. “At American Fireglass, we strive to achieve excellence in everything we do, including: using the best quality materials, employing state-of-the-art manufacturing processes, implementing stringent quality controls and recruiting the best people to manage each process. We look forward to the opportunity to offer more products for our customers.”
About American Fireglass
American Fireglass was founded in 2004 by Matt and Kelly Doll. Since then it has grown from a two-person operation located in a 400 sq. ft. garage to its newest 20,000 sq. ft. manufacturing facility serviced by over 30 employees. American Fireglass is a pioneer in the fireplace/fire pit glass and burner products industry supplying high quality products to many of the best known firms in the fireplace and fire pit industries.
About California Outdoor Concepts
California Outdoor Concepts is a leading designer of unique outdoor furnishings, having developed some of the most sophisticated, beautiful, and practical designs for outdoor socializing. There are no assembly lines at the COC production facility – each piece is handmade and checked for perfection.
Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of California Outdoor Concepts due to the uncertainty about the acquisition, the retention of employees of California Outdoor Concepts and the ability of American Fireglass to successfully launch new products based on economic conditions and growth trends in the industry.
These forward-looking statements generally can be identified by phrases such as American Fireglass or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import.
Any forward-looking statements in this release are based on limited information currently available to American Fireglass, which is subject to change, and American Fireglass and does not undertake any obligation to update the forward-looking statements to reflect subsequent events or circumstances.