Alcoa seeks new owner for Caradco window business.RANTOUL Rantoul (rănt  l`), village (1990 pop. 17,212), Champaign co., E Ill., in a rich blackland farm area that yields corn and soybeans; inc. 1868. , Ill.--(BUSINESS WIRE)--Oct. 9, 1996--The Aluminum Company of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. (Alcoa) is announcing that it is seeking a new owner for its subsidiary, Caradco, Incorporated, according to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. officials at the Illinois-based window manufacturer. Caradco President, Alan Verploegh, stated that Alcoa is seeking an owner for Caradco having interests in the window and door markets. This synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. move would contribute to increasing Caradco's strength and share of market as a wood and vinyl vinyl /vi·nyl/ (vi´nil) the univalent group CH2dbondCH—. vinyl chloride a vinyl group to which an atom of chlorine is attached; the monomer which polymerizes to polyvinyl chloride; it is toxic window and door manufacturer. Verploegh said, "Strong demand exists for our products. We believe that Caradco can grow most effectively and provide the service and products our customers need if we become part of a company which is significantly and strategically focused on our window and door industry. This new partnership will open opportunities for Caradco and its distributors to compete more effectively." While no timetable was announced for the divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). , Verploegh stated that visits by potential buyers will begin in the near future. He reiterated the company's commitment to continuous improvement in manufacturing and service of its independent millwork distributors and their customers. For more information concerning the ongoing operations of Caradco, contact Caradco at 217/893-7633 and ask for Vicki Nelson, Executive Assistant to the President. Questions concerning the divestiture process should be directed to Mr. Joseph J. Tribendis, Manager, Alcoa Corporate Development, at 412/553-2382. CONTACT: Caradco Vicki Nelson, 217/893-7633 or Alcoa Corporate Development Joseph J. Tribendis, 412/553-2382 |
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