Tecnoglass Board of Directors Announces Review of Strategic Alternatives

Core Viewpoint - Tecnoglass, Inc. is conducting a review of its strategic alternatives with the help of external financial and legal advisors, reaffirming its commitment to act in the best interests of the company [2][3]. Group 1: Company Overview - Tecnoglass is a leading producer of high-end aluminum and vinyl windows and architectural glass, serving both residential and commercial markets [5]. - The company is the second largest glass fabricator in the U.S. and the top architectural glass transformation company in Latin America [5]. - Tecnoglass operates a 5.6 million square foot manufacturing complex in Barranquilla, Colombia, providing access to nearly 1,000 customers across North, Central, and South America, with 96% of total revenues coming from the U.S. [5]. Group 2: Strategic Review Process - There is no set deadline for the completion of the strategic alternatives review, and it is uncertain whether this will lead to any specific transaction or outcome [3]. - The company will not provide further public comments on the review until a specific course of action is approved by the Board of Directors [3]. Group 3: Financial Outlook - Tecnoglass is reaffirming its financial outlook for the full year 2024, as previously provided on May 9, 2024 [4].