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CERTAINTEED SELLS CAMERON

 CERTAINTEED SELLS CAMERON
 VALLEY FORGE, Pa., Jan. 13 /PRNewswire/ -- CertainTeed Corporation


has sold Cameron Wholesale (the company's Building Materials Distribution Group) to an affiliate of CGW Southeast Partners, an Atlanta-based investment firm, it was announced today.
 Cameron Wholesale had been part of CertainTeed since 1954.
 The new business will operate under the name of Wm. Cameron & Co., and is owned by CGW and several former executives of Cameron Wholesale. CertainTeed will continue to supply Wm. Cameron & Co. with insulation, siding and roofing products.
 According to Peter Dachowski, CertainTeed senior vice president for construction materials operations, "CGW was selected over bidders because of its reputation, and also because CGW expressed a strong interest in the continued purchase of CertainTeed products. We hope and expect to maintain a close relationship with the newly independent Cameron organization."
 Ron Ross, formerly CertainTeed's vice president and general manager of Cameron Wholesale, has been named president and chief executive of the new company. Curtis Baker and Harrell Spivey, also employees of the prior organization, have been named vice presidents of the new company.
 Wm. Cameron & Co. is a 24-year-old distributor of millwork, roofing and other building products, supplying more than 2,000 customers throughout Texas and the surrounding states. Sales in 1991 were approximately $73 million. Headquartered in Valley Forge, CertainTeed is a leading manufacturer of fiber glass products, building materials and piping products, with approximately 7,000 employees throughout North America.
 /delval/
 -0- 1/13/92
 /CONTACT: Ron Ross of CGW, 817-750-7101, or Bill Seiberlich of CertainTeed, 215-341-7187, or, outside of Pennsylvania, 800-523-7844/ CO: CertainTeed Corporation; Cameron Wholesale; CGW Southeast Partners;
 Wm. Cameron & Co. ST: Pennsylvania, Georgia, Texas IN: CST SU: RCN


CC-JS -- PH020 -- 9211 01/13/92 16:25 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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