DWM Magazine reports Arch Aluminum & Glass Co. Inc. of Tamarac, Fla., filed for Chapter 11 bankruptcy on November 25, but chief executive officer Leon Silverstein says the company is “not going away.”

Arch filed for Chapter 11 bankruptcy reorganization in the Southern District of Florida federal bankruptcy court. The bankruptcy filing does not include Arch’s Canadian holdings or Trulite. AWP, a subsidiary of Arch Aluminum and Glass which serves the residential door and window industry, is also included in the filing.

The company says it has reached an agreement to sell substantially all of its assets to an affiliate of Grey Mountain Partners LLC, a private equity firm located in Boulder, Colo.