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CertainTeed Corporation, one of North America''s leading building product manufacturers, announced today the acquisition anderson of Marshall Vinyl Windows, windows Inc. of Corona, California. Terms of the sale were not disclosed.Founded anderson in 1954, Marshall Vinyl Windows, Inc. manufactures vinyl windows and doors for distribution throughout California, Arizona and Nevada. Since 1992, Marshall has been an independent window fabricator for CertainTeed, taking the vinyl windows components manufactured by CertainTeed, then assembling and selling finished product under the CertainTeed brand name."Marshall has anderson been a tremendous partner of ours in manufacturing high-quality windows and patio doors," says Harald Jacobsen, president of CertainTeed''s Window Products Group. "This acquisition opens the door to new growth opportunities throughout the Southwestern United States and also brings us closer to our goal of becoming a nationwide, fully integrated window manufacturer and supplier." "This credit facility will allow ThermoView to acquire additional manufacturers and retailers/installers of quality and advanced technology vinyl windows, consistent with our aggressive consolidation strategy within the $7 billion replacement window/door industry," noted Steve Hoffmann, President and Chief Executive Officer of ThermoView Industries, Inc. "It will also support the initial funding of our Key Home Credit subsidiary, which was established to provide our customers with installment financing for their window and door purchases. Key Home Credit loans are secured by mortgages on customers'' homes, and we expect the financing of window purchases to become a significant profit center for our Company in the future." "As a first-mover consolidator within windows the highly fragmented replacement window anderson and windows industry, ThermoView has completed ten mergers anderson or acquisitions since becoming a publicly traded company windows in April 1998," continued Hoffmann. "Our current anderson annualized revenue ''run rate'' approximates $75 million, and we expect to increase this to over $100 million before the end of 1998."ThermoView Industries, Inc., headquartered windows in Louisville, Kentucky, designs, markets and installs custom vinyl new and replacement windows and replacement doors, primarily for the existing home market. anderson The company intends to actively pursue acquisition opportunities within the $7 billion replacement window/door industry.This press release includes statements that may constitute "forward- looking" statements, usually containing the windows words "believe", anderson "estimate", "project", "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking windows statements. Factors that would cause or contribute anderson to such differences include, but are not limited to, continued acceptance of the Company''s products in the marketplace, competitive factors, dependence upon third-party vendors, and other risks associated with the Company''s business activities. By making these forward-looking statements, the Company undertakes no windows obligation to update these statements for revisions or changes after the date of this release.
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