Ply Gem consolidates plants, adds roof product

By Catherine Kavanaugh
Staff Reporter

Published: August 8, 2014 2:05 pm ET
Updated: August 8, 2014 2:09 pm ET

Image By: Ply Gem Holdings Inc. Ply Gem Holdings Inc. has a distribution agreement for its new molded engineered slate roofing product.

Related to this story

Topics Construction, Mergers & Acquisitions, United States, Canada, Windows & doors

Building materials maker Ply Gem Holdings Inc. has consolidated manufacturing operations of two facilities it acquired last year in western Canada.

The plants purchased from Calgary, Alberta-based Geinow WinDoor Ltd. are just 20 minutes apart in Calgary and serve the same market, Ply Gem President and CEO Gary Robinette said in an Aug. 8 conference call about second quarter financial results.

Integration and restructuring costs related to combining the facilities had a little drag on the bottom line for the Cary, N.C.-based Ply Gem, which posted an increase in net sales of $41.1 million to $409.2 million thanks to the improved product mix and some price increases that went into effect in March.

In addition to Geinow, a window and door fabricator, last year Ply Gem acquired Mitten Inc., which produces vinyl siding and accessories in Paris, Ontario. Sales of those products along with the price hikes accounted for $24 million of Ply Gem’s net sales in April through June.

Company officials said Ply Gem led the industry in raising prices. They increased prices by about 5 percent for PVC products and as much as 10 percent for aluminum products because of higher resin and material costs.

Ply Gem broadened its offering again recently with the introduction of a new roof product.

“I’m delighted to announce that we have entered into a distribution agreement with our newly developed engineered slate roofing product,” Robinette said. “Initial sales of this product commenced with shipments into the mid-Atlantic and Northeast markets during the third quarter. And, as we look ahead to the third quarter we expect moderate improvement to the macro housing outlook with continued choppiness in the market.”

For the second quarter, Ply Gem’s operating earnings increased to $31.2 million compared to $24.2 million for the second quarter of 2013 after adjusting for $23.5 million of initial public offering costs.


Comments

Ply Gem consolidates plants, adds roof product

By Catherine Kavanaugh
Staff Reporter

Published: August 8, 2014 2:05 pm ET
Updated: August 8, 2014 2:09 pm ET

Post Your Comments


Back to story


More stories

Image

Sigma's Packworx center geared at helping customers solve problems

September 29, 2014 3:41 pm ET

Sigma Stretch Film has opened a training center to help customers find the best solution to using the packaging films.    More

Image

EEOC suing movable wall maker Hufcor

September 29, 2014 3:09 pm ET

Movable wall and partition maker Hufcor Inc. is facing a federal lawsuit from the U.S. Equal Employment Opportunity Commission after violating...    More

Image

Early decision on 3-D motion technology goes to National Graphics

September 29, 2014 2:29 pm ET

Even without super powers, technology firm National Graphics Inc. has won a decision in a patent challenge vs. a rival company.    More

Image

Japan's parts makers face challenges as carmakers expand supply base

September 29, 2014 11:01 am ET

For all their size and success, Japanese auto suppliers that rocketed to global dominance on the coattails of their No. 1 customer, Toyota Motor Corp....    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare pack...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events