July 21, 2016 - PPG has announced that it has reached a definitive agreement to sell the assets of its flat glass manufacturing and glass coatings operations to Vitro S.A.B. de C.V., a leading producer of flat glass and specialty products. The transaction is expected to close by the end of 2016, subject to customary closing conditions.
August 31, 2016 – Westlake Chemical Corporation (NYSE: WLK) announced today that it has completed the previously announced acquisition of Axiall Corporation (NYSE: AXLL) for $33.00 per share in an all-cash transaction, representing an enterprise value of approximately $3.8 billion, including debt and certain other Axiall liabilities.The combined company will be the third-largest chlor-alkali producer and the second-largest polyvinyl chloride (PVC) producer in North America, with expected combined pro forma revenues of $7.4 billion and adjusted EBITDA of $1.4 billion for the twelve-month period ended June 30, 2016. Westlake expects the transaction to be accretive to its earnings in the first year following close and expects annualized cost synergies of approximately $100 million.Albert Chao, Westlake’s President and Chief Executive Officer, said, “We are pleased to complete this important strategic acquisition and to welcome Axiall and its talented team into the Westlake family of companies. This transaction aligns two remarkable companies, creates a company with greater financial and operational flexibility and accelerates our growth strategy. We believe that we will be better able to serve our customers with a more diversified portfolio that should create significant value and growth opportunities for Westlake stockholders.”Westlake retained Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as its financial advisors, Cleary Gottlieb Steen & Hamilton LLP as its legal counsel, MacKenzie Partners, Inc., and other advisors.For more informationwww.westlake.com
June 23, 2016 - Dalmen Pro—the retail wing of Dalmen Windows and Doors—has unveiled a new showroom at their Nepean location. Located at 78 Jamie Avenue in the heart of Ottawa’s west end, this showroom is the next stage in Dalmen Pro’s continuing mission to offer outstanding products and services to the greater Ottawa region, and is staffed by an experienced and talented sales and installation team.
June 9, 2016 - Loewen Windows has acquired an Arizona specialty window manufacturer called La Loma Windows & Doors, based in Tucson.
June 9, 2016 - JELD-WEN Canada was recognized at an industry event on May 24th as the recipient of the 2016 ENERGY STAR Manufacturer of the Year, Windows and Doors. Minister Jim Carr was on hand to announce the winners and offer his congratulations. Lisa Bergeron, Government Relations Manager, JELD-WEN Canada was present to receive the award on our behalf.
May 26, 2016 - AmesburyTruth, a premier manufacturer of window and door components for residential and commercial applications, has developed plans with Ryan A+E, Inc. to construct a center of excellence facility in Sioux Falls, South Dakota. The new state-of the-art building will enable the design, development, testing, and manufacturing for window and door components. The new facility will positively position AmesburyTruth for future growth.
May 26, 2016 - With an established, worldwide presence, the company who specialize in CNC machinery for the window and door industry, has experienced tremendous growth in recent years. Last summer the company inaugurated a 12,500 square foot showroom in Montreal. Besides proving invaluable as a location to demonstrate their products (including its distribution division JRC Machinery) this showroom has also helped open up needed space in the Eugenie plant, allowing for an increase in production capacity.
The Fenestra Purchasing Co-op is pleased to welcome Prestige Window & Door Ltd. of Medicine Hat, Alberta as our most recent Member-Owner to join our group.
May 26, 2016 - Municipalities issued building permits worth $7.4 billion in February, up 15.5% from January. This growth followed a 9.5% decline the previous month and was largely the result of higher construction intentions for commercial buildings in Alberta, single-family dwellings in Ontario and institutional structures in Quebec.
May 12, 2016 - Groupe Eugenie has announced that it has been nominated for the Chambre de commerce et d'industries Les Moulins, Gala Vision 2016. An official press conference was held on May 2, to announce the finalists Groupe Eugénie is nominated for ''Business of the year'' and Mr. Jonathan Chauvette, Vice President, is nominated as ''Young entrepreneur of the year'' This year's edition of Gala Vision will take place on May 27th.
May 12, 2016 - It was an act of kindness that will make a big difference for those in need. NOW Canada Society, a non-profit organization that provides housing and programs for women, youth and children who are at-risk, needed windows replaced in one of their safe homes in Kelowna.
April 28, 2016 - All Weather Windows has been named one of Canada'sBest Managed Companies for the eighth consecutive year.
April 14, 2016 - OpenGate Capital has announced that it has completed the acquisition of the Window & Door division of Royal Building Products, a manufacturer of vinyl window profiles and patio doors, from Axiall Corporation. The division has been renamed ENERGI Fenestration Solutions (“ENERGI”), as part of OpenGate’s investment strategy to transition the business into a stand-alone entity. Financial terms of the transaction were not disclosed. ENERGI was founded more than 40 years ago and is a leading manufacturer of rigid and cellular vinyl window and patio door profiles, as well as interior vinyl shutters and other extruded vinyl products for a variety of applications. ENERGI is headquartered in Ontario, Canada, has seven manufacturing sites in the United States and Canada, and employs more than 900 people.
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