Caradon plc said Sept. 9 it will sell its poorly performing plastic window and door businesses in the United States and Britain.
The Weybridge, England-based firm also said it is seeking a buyer for two British construction product subsidiaries, including PVC drainage pipe extruder and fittings injection molder Terrain Ltd. of Aylesford, England.
``We do not see Caradon as being best-placed to maximize the long-term potential of these activities,'' Jurgen Hintz, chief executive, said in a news release.
Businesses earmarked for sale include four in North America: door maker Caradon Peachtree Inc. of Atlanta; vinyl and metal window producer Better-Bilt Inc. of Smyrna, Tenn.; Caradon Windows and Doors Ltd. of Calgary, Alberta; and Caradon Thermal-Gard Inc. of Punxsutawney, Pa.
Peachtree already has plans to close its Norcross, Ga., plant and shift work to a nearby Gainesville, Ga., door plant. Earlier this year, it announced the shutdown of its Better-Bilt vinyl window and door plant in Lebanon, Ga.
Caradon is the second-largest British maker of double-glazed windows. Its units include Everest Windows Ltd. of Cuffley, England, and Caradon Doors and Windows Ltd. of Cheltenham, England.
The Cheltenham business has two profile extrusion plants at Toddington, England, plus an Aylesford plant that makes PVC foam-core profiles, said Nick Moss, marketing director of Caradon's industrial division.
Operations in Britain involved in the sale employ about 2,000, he said.
One vinyl window and door firm not included in the proposed sell-off is Caradon's German subsidiary, Weru AG of Rudersberg.
The company plans to concentrate its efforts on its core plumbing and electrical businesses. The latter makes plastic electrical plugs, sockets and switches and has plastics molding subsidiaries in India and Singapore.
Caradon's other plumbing products are based in metal and ceramics, so plastic pipe maker Terrain does not fit well, Moss said.
Hintz said the North American and British door and window businesses reported a slim profit of $1.17 million for the first half of 1998, up from a loss of $9.5 million in the first half of 1997.