TORONTO-Jannock Ltd. completed the acquisition of Bird Corp.'s vinyl siding plant in Bardstown, Ky., on March 9 and is pursuing Bird's interest in a window plant. Acquisition of both facilities would vault Jannock's vinyl products sales to more than $200 million per year, according to Plastics News estimates. The two businesses had sales of about $70 million last year, Jannock estimated.
Jannock, based in Toronto, announced in September an agreement to buy the Bardstown plant and business for $47.5 million. It planned to complete the deal in December but Securities and Exchange Commission approvals took longer than expected, according to Brian Jamieson, Jannock's vice president of finance.
The Bardstown plant has capacity to make 120 million square feet of siding annually. The 270,000-square-foot operation has 200 employees, of which 170 are unionized. Its major market is the northeastern United States. Jannock will call its new subsidiary Bird Vinyl Products Ltd.
Jamieson said Jannock has not decided whether to buy Bird's 90 percent interest in the Leechburg, Pa., Kensington Vinyl Window operation. It has an option to buy Bird's interest for $2.8 million during a 30-day period that began March 9.
The 100,000-square-foot Ken-sington facility has 200 union workers making various window and patio door units. It sources some vinyl profiles from Bardstown. Privately held Kensington Manufacturing Co. is minority owner of the operation.
Jannock also has two vinyl siding plants in Mississippi, one in Texas, and one in Mississauga, Ontario.
Bird sold the siding business to concentrate on its mostly asphalt roofing operation in Norwood, Mass.
