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 »
May 1, 2009
More details on news briefs included in the May issue
Final 2010 Energy Star Criteria Issued by DOE
Masonite Initiates Reorganization Plan
Serious Materials Acquires Republic Assets
Echo Ceases Operations, MGM Acquires Product Line
NorthEast Windows Back Under Original Ownership
WDMA to Step Up Advocacy Efforts
Stimulus Package Hot Topic at AAMA Meeting
Weber Names Aribell as... more »
April 30, 2009
The National Glass Association is introducing a special “Innovations Pavilion” at this year's GlassBuild America, to be held September 30 through October 2 in Atlanta. The pavilion will showcase cutting-edge technologies and other groundbreaking advances from across the glass industry, ranging from energy conservation to design innovations and the latest green products.
Only companies... more »
April 29, 2009
Windows and skylights meeting Energy Star requirements are currently eligible for energy efficient tax credits established unter the American Recovery and Reinvestment Act, according to an April 22 Internal Revenue Service press release. That eligibility, which would mean these products would not have to have a U-factor of less than .30 and a SHGC of less than .30 to qualify, is... more »
April 28, 2009
The House Energy and Commerce Committee began hearings last week on global warming legislation, designed to cut U.S. greenhouse gas emissions about 80 percent from today's levels by 2050 and increase energy independence. Backed by the Obama Administration, the bill would establish a cap-and-trade system that would use market forces to encourage utilities, industrials users and others to... 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 23, 2009
Following its work with the National Association of Home Builders to develop the National Green Building Standard for residential projects, the International Code Council has initiated a “Green Building Code Development Project” targeted at the commercial market. The objective of the project is to develop a green building code for traditional and high-performance buildings that... more »