At International Builders’ Show, a smarter show home
Now under construction near Orlando, Fla., the New American Home 2012 is a re-interpretation of the Classic White Box of the 1960s and ’70s made popular by leading architects such as Le Corbusier and Richard Meier, according to the National Association of Home Builders (NAHB).
The home in Winter Park measures less than 4,200 sq. ft. — the smallest TNAH in years, according to the NAHB. The designers strived to take maximum advantage of Florida’s friendly climate. Walls of movable glass panels and motorized screens provide a seamless flow from the indoor to the outdoor spaces.
The house will be displayed as a two-bedroom floor plan that will appeal to empty nesters, and will have four additional rooms that could be converted to bedrooms if needed.
Phil Kean of Winter Park, Fla., the architect and builder of the 2012 home, seeks to honor the architecture of the past while taking advantage of current technologies and design trends. Kean is focusing on functional and transitional spaces and attention to detail instead of square footage, and the design uses space efficiently to create a calm and serene living environment.
The latest green building products and methods are factored heavily into the home’s design. Kean hopes the home will achieve "emerald" status under the green building certification process administered by the NAHB Research Center and based on principles set forth in the ICC 700-2008 National Green Building Standard certified by ANSI. "Emerald" is the highest of the four levels of achievement a home can attain.
Now in its 29th year, TNAH is constructed annually in conjunction with the NAHB International Builders’ Show to showcase innovative construction technologies and the latest building products. NAHB will hold the 2012 International Builders’ Show in Orlando, Fla., Feb. 8 to 11, 2012.
CertainTeed announces exec promotions
CertainTeed Corp. has appointed new presidents for both its roofing and siding product divisions, effective Sept. 1.
Tom Smith will serve as president of the roofing group. Smith will be responsible for residential and commercial roofing, as well as CertainTeed’s solar business. Smith joined CertainTeed in 1999 as VP of CertainTeed commercial roofing. In 2005, he joined the siding products group as VP and general manager and was promoted to president in October 2005.
Prior to joining CertainTeed, Smith held a variety of positions in general business and operations management with American Sunny Foods, Pacific Rice Products, Kaiser Aluminum & Chemicals and G.S. Roofing.
Smith will replace Guillaume Texier, who recently accepted the position as president of Saint-Gobain’s global ceramics group.
Mark Rayfield, the new president of CertainTeed’s siding products group, previously served as VP and general manager for Saint-Gobain Abrasives in North America and VP for Superabrasives Worldwide. In his new role, Rayfield will oversee the company’s vinyl, fiber cement and polymer shake siding, fence, railing, deck and cellular PVC trim product lines.
Rayfield joined Saint-Gobain Abrasives as director of sales in 1999 and was later promoted to positions as VP distribution markets and sales and marketing, respectively. He has also served as VP sales for Piab USA.
IP to acquire Temple-Inland
International Paper’s attempt to take over Temple-Inland concluded today with an announcement that the two companies have entered into a merger agreement.
International Paper will acquire all of the outstanding common stock of Temple-Inland for $32 per share in cash, plus the assumption of $600 million in Temple-Inland’s year-end debt. The total transaction value is approximately $4.3 billion.
The deal has been approved by the boards of both companies, according to a document filed with the Securities and Exchange Commission (SEC). The transaction is expected to close in the first quarter of 2012.
The combination is expected to yield synergies of approximately $300 million annually within 24 months of closing, derived primarily from the areas of operations, freight, logistics, selling expense and overhead.
As stipulated by the merger agreement, International Paper will terminate its existing tender offer to acquire all of the outstanding common shares of Temple-Inland for $30.60 per share, and Temple-Inland will hold a special meeting of its stockholders to vote on the transaction. In addition to the approval of Temple-Inland’s stockholders, the transaction is subject to customary closing conditions, including antitrust approvals.
On June 6, Temple-Inland announced it had received an unsolicited proposal from International Paper to acquire the company for $30.60 per share in cash. Temple-Inland’s board of directors voted unanimously to reject that offer, saying it “grossly undervalued” the company and was not in the best interest of Temple-Inland’s stockholders. The following month, International Paper launched its hostile takeover bid.