Tecnoglass Board of Directors Announces Review of Strategic Alternatives

Group 1 - Tecnoglass, Inc. is conducting a review of its strategic alternatives with the help of external financial and legal advisors, aiming to act in the best interests of the company [7] - The company reaffirms its financial outlook for the full year 2024, which was initially provided on May 9, 2024 [8] - Tecnoglass is a leading producer of high-end aluminum and vinyl windows and architectural glass, serving various markets including multi-family, single-family, and commercial sectors [11] Group 2 - Tecnoglass is the second largest glass fabricator in the U.S. and the number one architectural glass transformation company in Latin America, with a manufacturing complex located in Barranquilla, Colombia [11] - The company has a vertically integrated manufacturing facility of 5.6 million square feet, providing efficient access to nearly 1,000 customers across North, Central, and South America, with the U.S. accounting for 96% of total revenues [11] - Tecnoglass products are featured in notable properties such as One Thousand Museum in Miami and Salesforce Tower in San Francisco [11]