Belgian vinyl extruder Deceuninck Plastics Industries NV, which gained U.S. vinyl window capacity when it bought into Acro Extrusion Corp. last year, now is negotiating to buy Dayton Technologies from Aluminum Co. of America, according to industry sources. Alcoa officials apparently are talking only to Deceuninck and have not sought any other bids for Dayton Technologies, said the sources, who spoke on the condition they not be identified. Dayton Technologies is one of the largest U.S. window extruders, with $50 million in 1995 sales.
Deceuninck is publicly traded in Belgium. Deceuninck has studied several possible U.S. acquisitions, top officials of that company said in a letter responding to questions from Plastics News.
As to Dayton Technologies, they said: ``We cannot deny that we have had and still have contacts with this company, but our talks are for the moment much too premature to give you any confirmation or declaration concerning the subject and possible purpose of our discussions.'' The letter was signed by Clement De Meersman, managing director and Dirk Demeulemeester, chief financial officer. The company is based in Hooglede.
Pittsburgh-based Alcoa would have no comment, said Richard Milner, vice president of corporate development.
As news of talks to sell Dayton Technologies has spread through the industry, some people have speculated whether Alcoa, with $12.5 billion in sales, mostly from aluminum, might want to exit vinyl altogether.
Alcoa generated an estimated $382 million in sales last year from vinyl siding and window extrusion. That amount is huge in the world of vinyl extrusion, but tiny in the overall Alcoa behemoth.
But Milner said that Alcoa's vinyl siding business is not for sale.
``No. We consider that a growth business and something that we have a sufficient business to sustain,'' he said.
Vinyl siding management is based at Alcoa Building Products in Sidney, Ohio.
With $50 million in 1995 sales, Dayton Technologies ranks as the fifth-largest U.S. window extruder, according to the latest Plastics News data.
Company officials have said they want to double sales, to $100 million, by 2000.
The window company is based at a 350,000-square-foot factory in Monroe, Ohio, halfway between Cincinnati and Dayton. When the company dedicated the plant in mid-1995, officials said it had 30 twin-screw extrusion lines and a new compounding and blending operation. Alcoa spent $20 million in renovating part of an existing plant and adding another 150,000 square feet.
The new facility allowed the company to centralize its extrusion, which had occupied several leased buildings around Dayton.
During the dedication, officials called the Monroe factory one of the most technologically advanced vinyl extrusion plants in the United States.
Meanwhile, Acro Extrusion has expanded since Deceuninck Plastics bought a 75 percent interest in Acro in 1995. Acro runs about 18-20 extruders. The company, based in Wilmington, Del., announced recently that it would move its window extrusion operations to a 125,000-square-foot plant under construction in New Castle, Del.
Acro Extrusion was 13th on the Plastics News window ranking, with 1995 sales of $14.2 million.
Both Darwin Brown, president of Dayton Technologies, and Acro President Carl Slocomb, declined to comment for this story.