May 6, 2009
Wolseley plc has entered into a joint venture with The Gores Group LLC, a Los Angeles-based privaty equity firm, to acquire a majority stake in Stock Building Supply. The transaction will take place through a pre-packaged Chapter 11 reorganization, offiicials report.
Stock, one of North America's largest suppliers of building materials to builders and contractors, was formed from Wolseley’s... more »
May 5, 2009
Milacron Inc., supplier of extrusion equipment and other plastics-processing technologies, plans to sell all of its assets to a company formed by Avenue Capital Group, DDJ Capital Management LLC and other investors for approximately $175 million. The sale follows a March Chapter 11 bankruptcy filing and is subject to court approval.
Officials report that the definitive agreement reached is... more »
May 5, 2009
A California court has certified a suit against the Viking Industries subsidiary of Pella Corp. as a class action, according to the law firm of Eppsteiner & Fiorica. The suit concerns Viking Series 3000 windows and doors, produced from 1989 through 1999 and in Portland, Ore., and Vacaville, Calif., plants. Pella acquired Viking in 1998.
A case management hearing for the case was... more »
April 28, 2009
VPI Windows credits its record sales to its new manufacturing space, as well as to agility that came from an ERP upgrade and a product redesign.
Having completed its move to a 90,000-square-foot manufacturing facility in Spokane, Wash., VPI Windows is positioned to have another record year in sales, despite the limping economy, company officials report. The company moved from its... more »
April 27, 2009
Vice President Joe Biden, along with U.S. Senators Dick Durbin and Roland Burris and Chicago Mayor Richard Daley, visited the former Republic Windows & Doors facility, now owned by Serious Materials, on Monday. Biden came to the plant, which attracted national attention when it was shut down by the previous owners last December, to demonstrate his support for the creation of new green... more »
April 21, 2009
Rep. Jim Gerlach of the Pennsylvania 6th district visited Viwinco Inc.'s window fabrication facility in Morgantown, Pa., on April 20. David Barnes, Viwinco president, welcomed the congressman and provided a plant tour.
“This business is more involved and complicated than people realize,” noted Gerlach as he walked through the facility... more »
April 20, 2009
Masonite International Inc. reports that it continues to make good progress in implementing its pre-negotiated debt restructuring plan and is on track to complete its financial reorganization within the next few months.
Last week, the door manufacturer received final court authorization to continue to meet its obligations to trade suppliers on normal terms in the ordinary course of business... more »
April 14, 2009
Ply Gem Industries Inc. intends to consolidate production across several of its manufacturing facilities to improve its overall operating efficiency. The moves include closure of a one-time MW Windows window and door manufacturing facility in Tupelo, Miss., and consolidation of window lineal production at its Rocky Mount, Va., plant.
The Cary, N.C., based company,... more »
April 13, 2009
Cascade Windows, based in Spokane, Wash., and LbL Windows, based in Troutdale, Ore., are merging. The newly-combined company becomes one of the leading window manufacturers in the Northwest, with one of the most extensive window and door product lines available anywhere, officials state.
With manufacturing operations in Spokane and Salt Lake City, Cascade... more »
April 10, 2009
Truseal Technologies Inc., the supplier of warm edge spacer systems for insulating glass, is guaranteeing IG manufacturers that their units will pass ASTM 2190 and CAN2-12.8 certification testing, or Truseal will reimburse the direct costs of the test. The guarantee, said to the first of its kind in the window industry, covers IG units produced with either Duraseal and... more »