NEWS
Ply Gem buys Silver Line from Andersen, and merges with NCI
US-based exterior building products manufacturer Ply Gem is to acquire the Silver Line vinyl window and patio door division of Andersen Corporation. The division had annual
revenues of more than US$440 million in 2017. The transaction, valued at around US$190m, fits with Ply Gem’s strategy of growing revenue and earnings through targeted acquisitions of complemen- tary businesses. Under the deal, Ply Gem will acquire Silver Line and American Craftsman branded products, as well as four Silver Line manufac- turing plants and associated distribution and support services. In all, it will involve around 4,000 employees transferring to Ply Gem. “The addition of the
review and approval. Ply Gem itself is in the
Metcalf: “Combined company will innovate beyond what either of us could do alone”
Silver Line business will better balance the mix of end markets that we serve, strengthen our core capabilities and contribute significantly to revenues and earnings,” said Gary Robinette, Ply Gem’s chairman and CEO. The deal is expected to close in the fourth quarter of 2018 pending regulatory
process of merging with NCI Building Systems, to create a company with an expect- ed turnover of around US$4.5 billion. The Ply Gem and NCI elements of the business will retain their existing identities and brands, though the new merged company has yet to be named. The merger is expected to be complete by the end of the year.
“Our combined company will continue to innovate in the exterior building products space – far beyond what either of us could do alone,” said James Metcalf, chairman of NCI, who will become chairman and CEO of the new merged company. �
www.plygem.com �
www.ncibuildingsystems.com
Plaskolite takes over Rotuba
US-based sheet extruder Plaskolite has bought the profile lighting business of Rotuba Extruders. As a part of the transac-
tion, Plaskolite will acquire Rotuba’s manufacturing operations in Linden, New Jersey. Terms of the transaction – which closed at the end of June – have not been disclosed. The deal will expand
Plaskolite’s existing profiles business – which it says gives it a clear leadership position in the profile lighting market. “This further strength- ens our offering and allows us to rapidly develop extruded profiles to meet the demands of LED lighting,” said Mitchell Grindley, president and CEO of Plaskolite. �
www.plaskolite.com �
www.rotuba.com
PPI’s updated guide for HDPE conduit
The US-based Plastics Pipe Institute (PPI) has published an updated model specification for high-density polyethylene (HDPE) conduit. PPI says that, while HDPE conduit and pressure pipe specifications may appear similar, there are technical differences that are critical to achieving the intended performance of products in specific applications. “Industry standards for conduit have been updated since 2016, including changes to product performance,” said Lance MacNevin, director of engineering for PPI’s power & communications division. “An inaccurate or out-of-date product specification can cause confusion among suppliers or result in an inadequate product being installed.” The document, MS-5 – which is available free on PPI’s website – gives specifiers a starting point in developing final specifications for a project. It includes reference to various product specifications and describes when and how to use these industry documents. �
www.plasticpipe.org
www.pipeandprofile.com September 2018 | PIPE & PROFILE EXTRUSION 5
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