Andersen Corporation to Purchase Silver Line Building Products.BAYPORT, Minn. -- Andersen Corporation announced today that it has signed a definitive agreement to purchase Silver Line Building Products Corporation, the leading manufacturer of vinyl windows and patio doors in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Founded in 1947, Silver Line is a privately-owned company based in New Jersey, with additional facilities in Massachusetts, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Georgia, Ohio, Texas, and Illinois. "We are very excited about this opportunity to expand our business into new market segments, especially via the leading vinyl window manufacturer," said Jim Humphrey, president and chief executive officer at Andersen Corporation, the nation's leading manufacturer of wood windows and doors. "Vinyl windows serve a segment of the market that is growing rapidly. Adding this product line to the enterprise's portfolio will enable an Andersen company to provide windows and doors for virtually any new construction or home improvement project in any area of the country." "This agreement marks an exciting milestone in the evolution of Silver Line. The resources that will be available to us as part of the Andersen enterprise will position us to meet our growth targets for the future," said Kenneth Silverman Kenneth Silverman is a professor emeritus at New York University and a Pulitzer Prize-winning biographer. Silverman was born in Manhattan in 1936. Books
The purchase by Andersen is contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the successful completion of a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. process and regulatory approval. Terms were not disclosed. A tentative closing date is set for June 30. Andersen plans to operate this business as a standalone subsidiary, with Ken Silverman Ken Silverman (born November 1 1975) is a game programmer, best known for writing the Build engine used in Duke Nukem 3D, Shadow Warrior, Blood, and more than a dozen other games in the mid- to late-1990s. leading his current management team. "We are very excited about working with Silver Line's leadership team to see its strategic plan become a reality. Their team has an excellent growth strategy that fits very well with our enterprise objectives," said Humphrey. Andersen Corporation, the world's largest manufacturer of wood windows, patio doors and storm doors, celebrated its 100th anniversary in 2003. The company is privately owned and has a strong history of commitment to its business partners, employees, community, and environmental stewardship The integration and application of environmental values into the military mission in order to sustain readiness, improve quality of life, strengthen civil relations, and preserve valuable natural resources. . Andersen markets products throughout North America and in South America, Europe, Asia, and the Middle East. |
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