Reporter Bill Bregar gathered these announcements at the Builders' Show, held Jan. 26-29 in Houston, and sponsored by the National Association of Home Builders.
ABT's sales climb profit drops in 1995
ABT Building Products Corp. reported that 1995 sales grew by 18 percent over 1994, but profit fell by 24 percent.
One-third of ABT's sales come from plastic products, according to Michael Lupo, executive vice president and chief financial officer. ABT's fiscal year ended Dec. 31.
Lupo, interviewed during the Builders' Show at ABT's booth, blamed the profit decline on a weak Canadian market for hardboard products and on money spent to acquire and beef up several companies.
Plastics-related acquisitions in 1995 include KenTech Plastics Inc. of Hopkinsville, Ky., a major molder of shutters, and the vinyl siding business of Emco Ltd. of Acton, Ontario. ABT paid $33 million for Emco's siding business and $14.1 million for KenTech.
Lupo said the Acton factory, for example, was running at only 50 percent capacity when ABT bought it. The company doubled production at the KenTech shutter molding factory.
ABT generated 1995 sales of $240.1 million, up 18 percent from $203.3 in 1994.
Profit fell to $16.5 million, a 24 percent decline from $21.7 million in 1994.
ABT is headquartered in Neenah, Wis.
Pavilion focuses on foam/concrete forms
Construction using foamed plastic blocks and concrete was spotlighted at a special pavilion of exhibitors at the Builders Show.
The industry has a year-old trade group, Insulating Concrete Form Association, which exhibited at the show.
ICFA has nine primary members, 12 associate members and 12 contractor/distributor members. The association is based in Glenview, Ill.
Surell from Formica has granite look
Cincinnati-based Formica Corp. introduced its first-ever solid-surface shower bases, with a natural granite look.
Because the color runs all the way through, Surell can be routed, sculpted and shaped.
Formica sells Surell in these forms: sheet stock, kitchen sinks, toilet bowls, vanity tops, shower bases and walls and windowsills.
Stanley Door shows jamb made of ABS
Stanley Door Systems of Troy, Mich., has developed a door jamb made from GE Plastics' Cycolac ABS. The profile is extruded in a thin honeycomb shape with a coextruded cap stock of Geloy.
Geloy is an acrylic styrene acrylonitrile terpolymer. GE Plastics is in Pittsfield, Mass.
Stanley is using the jamb with its Weather-Wise Door System, introduced in Houston.
A Stanley official declined to identify the outside molding company that produces the jamb for Stanley.