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CertainTeed Corporation, one of Pella North America''s leading building product manufacturers, WIndows announced today Pella the acquisition of Marshall Vinyl Windows, Inc. of Corona, California. Terms of the sale were not disclosed.Founded 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 WIndows vinyl components manufactured Pella by CertainTeed, then assembling and selling finished product under the CertainTeed brand name."Marshall has been a tremendous partner WIndows of ours in manufacturing high-quality windows and patio doors," says Harald Jacobsen, president of CertainTeed''s Pella 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." "As a first-mover consolidator within the highly fragmented replacement window industry, ThermoView has completed ten mergers or WIndows acquisitions since becoming a publicly traded company in April 1998," continued Hoffmann. "Our current 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 in Louisville, Kentucky, designs, markets and installs custom vinyl new and replacement windows and replacement doors, primarily for the existing home market. 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 words "believe", "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 Pella statements. Factors that would cause or contribute to such differences include, but are not limited to, continued WIndows 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 obligation to update these statements for revisions or changes after the date of this release.
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