December 2, 2021

SSW Advanced Technologies Acquires Schott-Gemtron Corporation

DALLAS, TEXAS; LOUISVILLE, KENTUCKY; SWEETWATER, TENNESSEE

SSW Advanced Technologies (“SSW” or the “Company”), a portfolio company of Trive Capital, has announced the acquisition of Schott-Gemtron Corporation (“Gemtron”). The acquisition further strengthens SSW’s position as the leading value-added supplier to OEMs in the appliance and HVAC end markets by combining complimentary product portfolios, manufacturing capabilities and strategic facility footprints.

Based in Sweetwater, TN, Gemtron is a specialty glass parts and glass systems supplier to the North American appliance sector. Gemtron manufactures refrigerator shelving and control panels, inner and outer doors for kitchen oven range doors, and glass laundry lids, selling primarily to kitchen appliance OEMs. Since 1989, Gemtron has been operated as a joint venture between Mainz, Germany-based SCHOTT AG and AGC Flat Glass North America Inc., a subsidiary of Tokyo-based AGC Inc.

SSW President and CEO, Mark Gritton, stated, “We are excited to partner with the management team and employees at Gemtron to further enhance our capabilities as a value-added supply chain partner to our appliance and HVAC OEM customers. The acquisition of Gemtron expands SSW’s product portfolio, provides incremental manufacturing capacity in the United States, Mexico and Canada, and adds new product development capabilities across our entire portfolio offering.”

Blake Bonner, Partner at Trive, added “The addition of Gemtron not only increases SSW’s scale and geographic footprint, but it also bolsters the Company’s product development capabilities and customer relationships. This acquisition will further position SSW to meet growing consumer demand for home and kitchen appliances and to support increased production regionally as supply chains localize post-pandemic.”

ABOUT SSW ADVANCED TECHNOLOGIES

Founded in 1946 and based in Louisville, Kentucky, SSW provides its OEM customer base with innovative products such as self-clean porcelain coated oven racks and Spill Smart™ hydrophobic refrigerator shelving. SSW serves its global customers from 11 manufacturing facilities strategically located throughout the United States and Mexico. SSW’s operating divisions include Alabama Wire Products, LLC; American Appliance Products, LLC; Collis de Mexico, LLC; Collis, LLC; SSW Premier, LLC; Straits Steel and Wire, LLC and Tatano Wire Products, LLC. For more information visit www.sswtechnologies.com.

ABOUT SCHOTT-GEMTRON CORPORATION

Based in Sweetwater, Tennessee, Gemtron is a market-leading supplier of specialty glass components and systems to major appliance, outdoor lighting, fireplace, and office furniture OEMs throughout North America. Its highly engineered products include spill-proof refrigerator shelving, inner and outer oven doors, glass control panels, laundry lids and dryer doors with technologies including CoolPrint, EnergyDouble, DuoDesign and MetalLook. Gemtron serves its customers from 5 plants located strategically in the United States, Mexico and Canada.


About Trive

Trive Capital is a Dallas, Texas based private equity firm with more than $7 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.

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