25 June 1998: CertainTeed, a US PVC and building supply producer, reported it has acquired the remaining 50% stake in Insulate LLC, which had previously been a 50:50 joint venture between CertainTeed …
25 June 1998: CertainTeed, a US PVC and building supply producer, reported it has acquired the remaining 50% stake in Insulate LLC, which had previously been a 50:50 joint venture between CertainTeed and Insulate Industries. Terms of the transaction were not disclosed. Insulate LLC is a PVC extruder and fabricator, and operates one plant in Auburn, Washington. “The joint venture has grown since its creation two years ago and the timing was right for CertainTeed to increase its support to Insulate,” said John Mikulak, president of CertainTeed“s vinyl building products Group. The deal strengthens CertainTeed“s northwest presence, said Mikulak, and complements other CertainTeed building products, such as vinyl siding and vinyl fencing sold to builders and remodeling contractors in the region.