W&D Weekly - August 8 2007 | Vol 2, Num 31
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WDMA’s green building panelists included (from left to right) Brian Strombotne of Green Builder Media, GreenSeal’s Cheryl Baldwin, Curt Alt of the Composite Panel Association and Pete Walker, Huber Engineered Woods. |
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A “materials revolution” is taking place, and it’s generating much interest from architects, Blaine Brownell told the WDMA audience. |
Efco Corp. reportedly told employees it is negotiating with a potential buyer, believed by some to be Pella...
Efco Corp., the manufacturer of commercial and architectural fenestration products, told its employees on July 30 it is in the midst of “very serious” negotiations with a potential buyer, according to a report in the Monett (Mo.) Times, a local newspaper. Chris Fuldner, Efco CEO, told the paper that talks are still ongoing, and it is not certain any deal will be completed.
The newspaper asked Fuldner specifically if Pella Corp. was the suitor. He responded by saying he was bound by a confidentially agreement not to disclose the party Efco was in talks with, and could not confirm or deny Pella was involved.
A Pella spokesperson contacted by Window & Door declined to comment on the subject as well.
Efco currently employs about 1,500 people, and the newspaper says rumors about a pending sale have been circulating for weeks. It reports also that, according to company sources, the goal of the negotiations is for Efco to remain an independent subsidiary with its brand name maintained.
Waterville Window Co. Inc. will expand its factory to accommodate raw materials that are currently being housed off-site...
Waterville Window Co. Inc. will expand its factory by about 10,000 square feet to accommodate raw materials that are currently being housed off-site. The Winslow, Maine, producer of vinyl windows expects the project, likely to be completed in September, may add six positions to its employee roster of 36 full-time workers.
“We were using too much of our manufacturing facility for storage,” company president Donald J. Shirley told the local newspaper. The company currently has two off-site storage facilities, causing truck drivers to have to stop at three locations when the main production facility is factored in. The expansion will eliminate the need for the other storage facilities and allow the company more manufacturing floor space.
Waterville Window had sales last year of about $3 million, the paper notes, selling 11 new construction and replacement window systems to New England region retailers. In addition to vinyl window lines, the company offers vinyl railing and fencing materials, and is a distributor of Impression Brand aluminum windows.
The company utilizes cross-training methodology to keep its workforce employed year-round, even when production slows significantly in the winter months. Shirley has pushed the company down the path of automation with the addition in recent years of advanced equipment.
“We have automated the shop a lot since 1998,” he says. “We’ve spent a little over $1 million in new machinery updating the shop.”
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Second Chances
Two decades after battling his own demons, Southern Industries' Jim Felton is on a mission to help others
from the Augusta Chronicle
Spend some time around Southern Industries' recently completed headquarters and showroom on Bobby Jones Expressway and you'll realize the $25 million-a-year company Mr. Felton founded four decades ago is equal parts business and rehabilitation center. Nearly 30 percent of the 132 employees working in the Southern Industries family of companies, including Southern Siding & Window and Enloe Residential, are recovering drug and alcohol addicts... read more
UPDATED LINK Home Depot Fires Employees Amid Probe of Kickbacks
from CNNMoney.com
Home Depot Inc. fired four merchandise-purchasing employees who allegedly received kickbacks to ensure certain flooring products were stocked by the retailer and put in prominent positions, the company said... read more
Windows of Opportunity
Two ex-Goodrich employees now operate their own window business
from The Record
When BF Goodrich workers were told last year that the Kitchener plant would be shutting down, Cornel Ciot was as shocked as anyone. But the tire builder was not entirely unprepared. When the shutdown was announced, the 43-year-old Ciot and his brother-in-law, Gabriel Barbu, 44, both of Kitchener, had already purchased an empty lot on South Field Drive in Elmira with the hope of someday starting a business. The demise of the tire plant, part of the global Michelin company, accelerated their plans, pushing everything ahead by a few years... read more
Nardelli Selected To Run Chrysler
from the Atlanta Journal-Constitution
Home Depot's ex-CEO takes a gamble: He reportedly won't be paid if he doesn't achieve a turnaround
Ousted Home Depot CEO Robert Nardelli has found a new home. He starts work today at the newly privatized Chrysler LLC. Chrysler's new owner, the private equity firm Cerberus Capital Management, hired Nardelli because of his turnaround experience and his 30 years with General Electric, where he won kudos for his work with its transportation division, Jason Vines, vice president of communications, said Sunday night... read more