Volume 39, Issue 3,
BlueScope Steel Announces
Plans to Aquire Vistawall’s Parent
BlueScope Steel Ltd. of Melbourne, Australia, has announced it will acquire Butler Manufacturing Co., parent company of Terrell, Texas-based Vistawall Group and Naturalite. BlueScope said it would offer $22.50 (USD) per share for approximately 6.4 million shares, and assume net debt of $60 million, representing a total outlay of $204 million. The two companies have reached an agreement on the terms of a negotiated merger agreement, and, according to a news release issued by BlueScope, the board of directors of Butler will recommend that shareholders accept the BlueScope offer. The acquisition is subject to approval by Butler shareholders and by regulatory authorities in the United States. The acquisition is expected to be complete within three months.
“BlueScope Steel appreciates the value of Butler’s many strong brands, including its leading-brand Butler pre-engineered metal buildings, industry-leading distribution and our excellent design expertise and technical capabilities,” said John Holland, Butler chief executive officer. “Being part of their organization will accelerate the revitalization of our North American buildings operations and enable BlueScope Steel to combine forces with Butler’s outstanding China business to capitalize on the opportunities we have in this dynamic region while opening the door to more global potential.”
According to Butler, the acquisition is consistent with its desire to strengthen operations. The company announced last October that its board had authorized management to explore various strategic operations, including solicitation of private investment capital, asset sales and the sale of the company.
|Viracon and Guardian Contribute to Glass for World Trade Center #7
uburn Hills, Mich.-based Guardian Industries has announced that its UltraWhite™ low-iron glass has been selected for use on New York’s World Trade Center Building #7 project.
J.E. Berkowitz Celebrates Ninth Annual Employee Appreciation Day
J.E. Berkowitz, based in Westville, N.J., recently celebrated its ninth annual employee appreciation day to acknowledge the efforts of its 215 employees. Special recognition went to 11 employees with more than 20 years of service with the company and 13 employees with more than 15 years of service. Employees with 20 years of service are: Mark Laute, Jeff Hall, Kenneth Force, Robert Price, Kyle Freeberg, Mike McGinness, Roger Thomas, Donna Brandt, Ed Turner, Patricia Jackson and Thomas Messner. Those with 15 years of service are Don Baxter, Ken Howard, Jim Stinsman, William Wood, John Pearce, Brian Larson, Debbie Hall, Harry Evans, Joe Rotondo, Richard Finerfrock, William Gonzalez Sr., Jim Carroll and Allen White.
“We are proud of all of our employees and special recognition to those whose experience and commitment to our company and the industry has made us successful,” said president Arthur M. Berkowitz.
D-M Products Celebrates 25 Years with Wausau Window and Wall Systems
Wausau, Wis.-based Wausau Window and Wall Systems recently honored D-M Products Inc. for 25 years of service as its distributor in Western Pennsylvania. During the span of their relationship, D-M Products and Wausau have successfully completed more than 250 projects together.
“D-M Products was founded in 1974 by Dick Macurak and in 1978, it became our exclusive distributor in the region,” said Wausau regional general manager Merle Glaser. “Truly a multi-generational, family-owned operation, the business today is operated by Dick’s sons Greg and Dick Jr.”
According to Glaser, D-M Products has made a major impact in the growth of the Pittsburgh region. Wausau’s windows are found on many of the area’s notable buildings such as the
Federal Reserve Bank, State Office Building, O’Reilly Theater, Mellon
Bank and the new Hillman Cancer Center.
Info www.wausauwindow.com or call 877/678-2983.
PPG Offers LEED Specification Summary
Now available from Pittsburgh-based PPG Industries is the Glass, Coatings and Paint USGBC (United States Green Building Council) LEED Specification Summary, which is designed to explain how PPG products can be specified to earn Low Energy Electron Defraction credits for building projects.
The eight-page white paper walks readers though the six LEED categories and explains which PPG products can be used to earn specific LEED credits.
Info www.ppgglazing.com or call 888/PPG-Spec.
Dawson Metal Earns ISO Registration
Dawson Metal Co. Inc. and its Dawson Doors Division of Jamestown, N.Y., have earned registration of ISO 9001-2000 Quality Management Systems requirements.
“We are dedicated to providing the best service and highest quality product to our customers,” said David G. Dawson, chief executive officer and president.
Dawson Metal was originally certified to the ISO 9002-1994 standard in July of 1999. The standard was revised to ISO 9001-2000 and issued by the ISO in December 2000.
Info www.dawsondoors.com or call 716/664-3811.
|The Dwyer Group of Waco, Texas, has announced that all of its franchiser subsidiaries have been ranked in Entrepreneur magazine’s 25th annual “Franchise 500.” The Glass Doctor® was ranked at #135 … Acurlite of Berwick, Pa., has relocated to a new 12,000-square-foot building … PPG Industries laid off 40 employees from its fiberglass plant in Shelby, N.C. Spokesperson Jeff Worden attributed the layoffs to a reduction in demand and low economic activity.|
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