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Armtec Distribution Agreement Expands U.S. Retail Market Presence
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Armtec Infrastructure Income Fund announced a distribution agreement with CertainTeed Inc., a leading North American manufacturer of building materials and supplier to the U.S. residential building trades industry. Under the terms of the agreement, CertainTeed will distribute Armtec's Platon foundation wrap product throughout the U.S. residential housing and retail building trade markets. Platon keeps basements dry by waterproofing foundations and controlling moisture under sub-floors.
"This agreement is consistent with our growth strategy and marks the beginning of an exciting new relationship that supports our objective of increasing the penetration of the Platon product in the U.S. marketplace and also opens opportunities for future growth," said Charles Phillips, President and CEO of Armtec. "CertainTeed is a major player in the U.S. Building Products market with a national presence. We are very pleased to have the opportunity to work with such a strong partner, who shares our enthusiasm for the potential for Platon, and look forward to following up with them on further initiatives that will expand the respective offerings to our customers."
Headquartered in Valley Forge, Pennsylvania, CertainTeed has 70 production facilities across the country, and manufactures a wide range of building materials, including roofing, siding, insulation, windows and patio doors, fence, decking, railing, foundations and pipe. The company is a wholly owned subsidiary of Saint-Gobain, one of the top 100 industrial companies in the world. Saint Gobain's North American companies operate nearly 200 manufacturing facilities in industries as diverse as industrial ceramics and containers, reinforcements and flat glass, abrasives, and building materials.
Platon foundation wrap is made from high-density polyethylene or HDPE, one of the toughest and longest-lasting plastics in existence today. Platon's air gap membrane technology provides a permanent water and moisture barrier. With a unique 30-year product warranty against leakage, Platon is gaining popularity for residential construction and repair.
Read the entire story on the source link below.
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January 5th, 2008
Source: Foxbusiness.com |
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