Latest News

  • Losing as much as $300 million in annual sales from its now scaled-back relationship with national retailer Home Depot, Masonite International Inc. expects to close four facilities, slow production at three other sites and eliminate about 20 percent of its global workforce. The retailer gave notice to the Mississauga, Ontario-based door producer that it would be transferring nearly all of its... more »
  • Doorjamb and other wood products manufacturer Oregon Woodworking Co. will close permanently in the coming months as a result of international competition, company officials report. The Bend, Ore.-based business will layoff its remaining staff of 30 workers, according to a local newspaper report. The company, established in 1993, will complete its existing orders before closing up shop. The... more »
  • Remodeling spending may be down this year, and again in 2008, but forecasters don’t expect the same sort of weakness that’s been evident in the new construction market. David Seiders, chief economist for the National Association of Home Builders, is expecting a decline of about 1.5 percent overall this year and perhaps another half a percent drop next year. Speaking as part of an... more »
  •   With new plans to add window profile extrusion to existing cellular PVC production, Royal Group has completed a 250,000 square foot expansion at its plant in Bristol, Tenn. With a total extrusion manufacturing footprint of 400,000 square feet, the Bristol facility produces Royal Mouldings’ line of cellular PVC decorative trim products, and will soon add extrusion for the company... more »
  • Washington, D.C.—“Is the housing correction over?” The answer is no, according to economists gathered in April for the National Association of Home Builders’ semi-annual construction forecast conference. The long-term outlook for homebuilding remains promising, but excess inventory and problems in the subprime mortgage market mean new residential construction will remain... more »
  • Andersen Corp. has filed a lawsuit against Pella Corp. for alleged violations of an insect screen patent. The case, filed last week, involves Pella and W.L. Gore & Associates and claims the companies produced and are selling a version of Andersen’s Reduced Visibility Insect Screen, according to a report in the Minneapolis Star Tribune. Pella officially launched its VividView product at... more »
  • Genstar Capital, LLC, a San Francisco-based private equity firm, has acquired the once-public International Aluminum Corp. The previously announced transaction was valued at $228 million. Founded in 1957, International Aluminum is based in Monterey Park, CA and has three primary business lines, including a residential window manufacturing operation, International Window Corp. The company also... more »
  • Integration of the Royal Group extrusion business into Georgia Gulf Corp. “is ahead of plan with initiatives to capture synergy and improvement opportunities,” according to Edward Schmitt, Georgia Gulf president, CEO and chairman. In reporting its 2006 year-end results, the company estimates that implemented programs will save from $55 to $70 million per year, with the benefits... more »
  • Red Holdings Group Inc., a Florida-based investment company, has entered into an agreement to purchase The Macyro Group Inc., a Quebec-based manufacturer of aluminum curtain walls, panels, windows and doors for use in commercial and residential construction. The company goes to market through its subsidiary Gamma Industries Inc. In recent years, Gamma has built a strong business in the southeast... more »
  • In an effort to avoid layoffs, Marvin Windows & Doors has scaled back its work week from 40 hours to 32 hours. About 3,200 employees at the company’s production facilities in Warroad, MN, and Grafton, ND, will be affected. "Production is slow and we don't have enough production to keep all the production employees busy full-time, but it's important to keep our employees,"... more »