Royal Group Technologies purchases the vinyl siding distribution business and certain related assets of Canadian-based siding distributor.TORONTO--(BUSINESS WIRE)--Oct. 2, 1997--Royal Group Technologies Limited (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :RYG RYG Red Yellow Green (past performance information) ) (NYSE NYSE See: New York Stock Exchange :RYG) (ME:RYG) announced today that it has purchased the vinyl distribution business and certain related assets of the Reynolds Aluminum Company of Canada Ltd.'s Construction Products Division. Under the terms of the purchase agreement, Royal will assume operation of seven distribution warehouses located across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . Vic De Zen, Royal's Chairman, President and C.E.O., commented on the acquisition saying, "The additional distribution locations complement Royal's existing siding distribution network and enhance Royal's ability to provide premium service to the Canadian building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . marketplace". Royal Group Technologies Limited is one of North America's largest extruders of vinyl building products, with extensive vertical integration. Its Building Products Group focuses on custom profiles (windows, doors, fencing & decking, and recently, garage doors), vertical window blinds, siding and pipe. Its Building Technologies Group focuses on The Royal Building System(TM) (for residential, commercial, industrial and institutional construction) and product lines derived from the System including foundations, garages and sheds. Royal's manufacturing facilities are primarily located 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. , with recent additions of facilities in Italy and Argentina and plants well under construction in China and Colombia. Additional manufacturing site plans include Poland and the Philippines. CONTACT: Vic De Zen, Chairman, President and C.E.O. Mark Badger, Vice President, Corporate Communications 905/264-0701 Fax 905/264-0702 |
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