Frost King Acquires PortaSeal
Mahwah, N.J.-based Frost King (Thermwell Products Co. Inc.) has acquired PortaSeal LLC of Morristown N.J.
PortSeal makes weathersealing products, including Gara-Seal, a rigid vinyl strip with a flexible vinyl flange, which seals the top and sides of garage doors.
Both companies in the transaction are privately owned and operated: PortaSeal by Stanley Garbowy; and Thermwell by David and Mel Gerstein, twin sons of one of the two founding brothers.
The PortaSeal product line will be marketed in conjunction with Thermwell’s best known brand, Frost King, famous for weatherstripping and pipe/duct insulation.
In addition to Frost King, Thermwell’s family of products now includes Mortite rope caulk; W. B. Marvin adjustable metal window screens; Seal-Rite automotive weatherstrip; Regent tapes; Lever slitting machinery; Filmco polyethylene drop cloths and trash bags; and Kraver screening.
Thermwell has offices and factories in Mahwah, N.J., and Sparks, Nev., with production and distribution facilities throughout the country.
Study: Paint, coatings demand to reach 1.5 billion gallons by 2017
A new study from The Freedonia Group predicts that demand for paint and coatings in the U.S. will reach 1.5 billion gallons in 2017.
This would mark a 4.2% annual increase to a total valuation of $30.6 billion, a reversal of fortunes since the market decline of the recession years.
According to the company, gains would be largely attributed to a strengthening economy, increased consumer confidence and ramped up construction activity. Specifically, the architectural market, which is the leading end-user of paint and coatings, is predicted to grow at an above average rate through 2017.
Within the market itself, Freedonia predicts that demand for interior paint will outpace that of exterior paint, with more demand for low-VOC products. On the low end of the demand spectrum are maintenance and specialty coatings.
Boston plans energy-efficient housing expansion
The city of Boston has approved plans to build more energy-efficient homes after the relative success of a pilot program in Roxbury, the Boston Globe reports.
The initial four homes, which recently went up in Dudley Square and reportedly generate almost twice as much power as they consume, will be followed up by a development of 40 similar units in Mission Hill.
Energy savings are realized via the use of enhanced building materials, solar technology and double-thick insulation. However, solar equipment must be purchased or rented for an additional fee, and median prices are at $540,000, though the initial goal was to stay below $400,000.
Concerns over affordability are mitigated by the estimated $132 per month in utility savings, which would potentially pay for the investment in five or six years and allow homeowners to generate additional revenue thereafter, according to the Globe.
The energy-positive community will be the first in Mayor Menino’s E+ Green Communities Program, a larger initiative to bring sustainable, regenerative buildings to Boston.