The Martin Processing Company, which was founded in 1955 by Julius Hermes to process polyester film and quickly began to specialize in developing dyeing technology, moved to Martinsville in 1957 and was sold to British firm Courtaulds in 1987. It was from the sale that the name CPFilms was created, an acronym for Courtaulds Perfor-mance Films, the name the new ownership gave the company.
CPFilms now exists as a conglomerate of three companies: Martin Processing in the window film industry; Andus Corp., in the field of sputtering thin film coatings; and Gila River Products, a manufacturer of energy products for application in the automotive aftermarket and do-it-yourself market.
The company plans to integrate reel-to-reel manufacturing technology into production and use rolled plastic films to produce large area solar cell systems in a bid to provide an available method of manufacturing and delivering integrated window systems that produce electricity.
The house, built in 1863 on what is now Long Island’s historical North Fork, was the first Designer Showhouse and was on display as such from mid-September through the end of October. After it’s run as a Designer Showhouse, the house was scheduled to function as a luxury Inn, and the window film was applied to filter out ultraviolet rays to protect the interior of the house, including the bedroom designed by Betsy Nichol with an Aubusson rug.
Deloitte & Touche Report on Special Engagement by Ace Completed
Deloitte found that:
To assess whether the transactions that ACE conducts with its major supplier are based upon arm’s length terms,
Deloitte reviewed pricing analyses produced by ACE. ACE management indicated that, although some suppliers of window film provide a similar type of product as its major supplier, some of these products are not compliant with ACE’s quality standards and needs.
Deloitte also investigated a concern raised by Raymond Chabot Grant Thornton LLP, the former auditors of ACE. In question was a corporation supposedly controlled by Peter Fabian, the president, chief executive officer and chairman of the board of ACE. Deloitte’s research revealed that said company is a Delaware-based Limited Liability Corporation (LLC), incorporated on August 21, 2003, and a letter from the Canadian solicitor, in respect of the LLC stated that the solicitor kept the corporate books for the LLC, that the corporation was not active, and that no bank account had ever been opened for the LLC.
ACE/Security Laminates™ Corporation specializes in manufacturing and distributing, through a worldwide network of dealers, safety and security window laminating technology.