Insulation offering expands at Johns Manville
Johns Manville added CI Max White insulation to its insulation offering.
Johns Manville CI Max White is described as a high-efficiency polyiso foam sheathing designed specifically for exposed interior applications. It’s approved for use without a thermal barrier and provides an attractive and durable interior finish. It is also suitable for wall or ceiling applications in commercial, residential, agricultural and industrial buildings.
“Code-compliant, cost-effective and thermally efficient wall assemblies aren’t something that can be achieved with just one product,” said Fred Stephan, senior VP Insulation Systems for Johns Manville “It takes a comprehensive, planned and well-executed insulation system, including both cavity and continuous insulation, which is why we continue to invest in expanding our portfolio. JM offers a complete line of high-performance commercial and residential insulation products all designed to work well in combination with one another so our customers can find the solution they need.”
CI Max White provides a continuous layer of insulation to reduce thermal bridging. Additionally, it has an acrylic-embossed facer that is aesthetically appealing, hard-wearing and easy to clean.
JM also announced that its entire line of foam sheathing products has received International Code Council Evaluation Service (ICC-ES) approval.
“As one of only two U.S. manufacturers to achieve this accreditation for Types I-V commercial construction, we are proud that we can continue to offer our customers even greater peace of mind that they are using the highest-rated materials on the market,” said Stephan.
Johns Manville is a Berkshire Hathaway company.
Eco Building Products gets a boost of capital
Eco Building Products, Inc. has secured up to $3.4 million in financing to help it meet existing levels of demand and expand for future growth, a development the company attributes to a mysterious "Major Big Box Customer" (read: Home Depot).
The funds will go toward filling a backlog of pending purchase orders and to increase its production capacity at its manufacturing facilities.
"This funding represents a transformational milestone for the company from a revenue growth and sales trajectory standpoint," said president and CEO Steven Conboy. "We now have the capital needed to meet a recent dramatic increase in demand for Eco Red Shield from our Major Big Box Customer, who is now in a position to begin aggressively marketing our product to its massive customer base as an optimized solution to meet key unmet needs in the $60 billion North American lumber industry. We have positioned ourselves extremely well to meet an expected continued surge in demand for fire-resistant and mold-resistant lumber in the new construction industry, especially in light of recent wildfires in San Diego County and mold-related housing condemnations following Hurricane Sandy in New Jersey and Long Island. We believe Eco Red Shield has the potential to replace existing entrenched chemical products in the wood treatment industry, with the potential to reach over $1 billion in sales."
The exact breakdown goes as follows: For backlogged ordres, up to $1.4 million in capital in equal installments of $350,000 over the next four months. By the fourth month, the company hopes to meet a sales goal of $1.5 million. Additionally, $800,000 in two tranches will go toward boosting production capacity (currently, the company’s capacity stands at $750,000 per month. The funds will boost that number to $2 million per month).
Eco Building Products is also entering into an expandable revolving credit facility agreement for $1.2 million to support its supply chain.
The growing demand for Eco Red Shield lumber comes on the heels of what the company considers a successful second pilot commercial launch program.
Masco makes a couple of top-brass promotions
Masco Corporation has promoted Richard O’Reagan to the title of group president, global plumbing, as well as brought on Jai Shah as president of Delta Faucet Company and group VP of Masco Corporation.
O’Reagan, who was previously serving as president of Delta Faucet, will now be responsible for that company as well as Hansgrohe, BrassCraft, Masco Canada, Liberty Hardware, Mirolin and Brasstech. He’s been with the company since 2008, when he joined as VP sales at Delta Faucet. He held a similar role at Mansfield Plumbing Products prior to that.
"Richard has consistently demonstrated his ability to develop high-performing teams, drive focus on the customer and deliver outstanding results," said president and CEO Keith Allman. "With his extensive experience in the plumbing industry and his proven leadership capabilities, I am confident that Richard will drive growth and continued innovation in this platform."
Meanwhile, Shah, who has been with Masco since 2003, will take over for O’Reagan (and then some). He will be moving on from his most recent role as VP/chief human resource officer. His resume also includes stints at JohnsonDiversey, Unilever and The Molson Companies.
"Over the years, Jai has contributed to the financial and strategic development of the Company," added Allman. "He is focused on the customer and, I believe, he will be instrumental in directing Delta into a new era of industry leadership."