Quanex Optimizes Its Insulating Glass Spacer Operations

Quanex Building Products Corporation NX -2.38% today announced a consolidation and restructuring plan for its insulated glass spacer business.

Currently, the company produces warm-edge spacer products in the US at its Cambridge, OH and Barbourville, KY locations. The plan, in part, calls for the permanent closing of the company's Barbourville facility. The equipment used to manufacture the industry's leading single seal spacer system will be relocated to Quanex's Cambridge facility.

"Quanex Building Products remains committed to becoming the leader in the production of fenestration components, products and systems serving a global customer base," said David D. Petratis, Quanex's president and chief executive officer. "We continually work to identify opportunities that enhance our ability to deliver outstanding products and services to our growing customer base. While it was a very difficult decision to close our spacer facility in Kentucky, we believe this consolidation will allow us to better serve our customers through streamlined operations. During the transition, our spacer customers can expect to see the same great service and experience they have grown accustomed to."

The restructuring plan also includes the consolidation of administrative functions, as well as research and development. Effective today, George L. Wilson will assume the new role of General Manager -- Insulated Glass Systems. The consolidation of operations and the subsequent closure of the Barbourville facility are expected to be completed during Quanex's fiscal third quarter 2012.

Quanex Building Products Corporation is an industry-leading manufacturer of value-added, engineered products and components, serving the energy-efficient building products markets. It is an ROIC-driven company that grows shareholder returns through a combination of organic growth via new products, programs and strategic acquisitions.For more information, visit www.quanex.com.

600450 Quanex Optimizes Its Insulating Glass Spacer Operations glassonweb.com
Date: 8 November 2011
Source: Quanex Building Products Corporation

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