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February 17, 2012
The Caisse de dépôt et placement du Québec is acquiring a stake in Novatech Group Inc., investing $16.7 million (CDN) into the producer of doors and door components. The Montreal-based financial institution primarily manages funds for pension and insurance plans, with more than $150 billion in net assets.
With the transaction, Raymond Ouellette, chairman of Novatech's board of directors... more »
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February 16, 2012
Crystal Pacific Window & Door Systems, the recently-formed, California-based manufacturer, has opened its corporate headquarters and established production operations at a facility in Riverside, Calif. The company has also established two sales offices to serve the Southern California market in South El Monte and San Diego.
Crystal Pacific is a new company started by Thomas Chen, founder of... more »
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February 15, 2012
Soft-Lite LLC, a vinyl window manufacturer based in Streetsboro, Ohio, has reached an agreement to acquire the product lines of Gorell Windows & Doors LLC. Gorell, based in Indiana, Pa., entered receivership last week with The Meridian Group, a Pittsburgh-based turnaround firm, appointed receiver.
“We are very excited about this acquisition and what it means for our company,”... more »
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February 14, 2012
Allied Windows in British Columbia is being closed by the Atis Group, but the Canadian window and door manufacturer plans to invest $3 million to expand operations in several other locations, according to an article in the Montreal Gazette.
With manufacturing operations across Canada, the Atis Group plans to boost capacity at two Quebec facilities and another in Vancouver, British Columbia... more »
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February 14, 2012
Gorell Windows & Doors entered receivership last week and could be sold to new owners, according to an article in the local newspaper. A Pittsburgh-based private investment firm, the Meridian Group, has been appointed receiver for the vinyl window manufacturer, which continues to operate while its future is determined.
"The company has been struggling through the recession and... more »
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February 14, 2012
In a year that saw the new construction market continue to struggle, Hurd Windows & Doors introduced new products, hired a number of associates and raced to keep up with product demand, officials state. What's more, executives at the Wisconsin-based company say they are looking forward to even more success in 2012.
Hurd's successful 2011 was jump-started in January by the purchase of... more »
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February 14, 2012
Jeld-Wen Inc. is planning to close a pre-hanging and distribution facility in North Wilkesboro, N.C., in March. The facility, acquired by the door and window manufacturer in 2006, employs about 60 people.
The facility is closing because Jeld-Wen has shifted the door prehanging and distribution business it had at the North Carolina facility to a wholesale customer in the Southeast, explains Teri... more »
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February 13, 2012
A company attorney is telling local news media that Twinsburg, Ohio-based Regency Window Co. is closed for good. The window and door dealer and installer had defaulted on more than $4 million in loans and that its assets had been seized by its secured lender, Roynat Business Capital, according to an article in the Cleveland Plain Dealer.
Regency had shut down operations in... more »
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February 13, 2012
Several new product enhancements and programs are being launched by Sunrise Windows to help dealers "get off to a fast start in 2012," company officials state. Among the new product options are more color combinations and architectural hardware finishes for its double hung and slider products.
“One of the keys to our growth during the downturn in the remodeling market has been our... more »
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February 6, 2012
The extruded products division of Amesbury, the supplier of window and door components, is expanding capacity with a new manufacturing facility in Covington, Ga. Production is expected to begin this month.
"We currently have extrusion operations in Cannon Falls, Minn., and Ontario, Calif., with additional future growth already being planned," says Todd Betterley, Amesbury Extruded... more »
