Knauf completes Guardian Insulation deal
Calling it a landmark occasion, Shelbyville, Indiana-based Knauf Insulation completed its acquisition of Guardian Insulation.
The transaction includes Guardian Fiberglass, a leading supplier of insulation products for the construction market, and Guardian Laminated Building Products. Guardian Fiberglass will be integrated into Knauf Insulation and Guardian Laminated Building Products has become Silvercote, LLC.
The deal puts more than double the production capacity of glass mineral wool at Knauf’s disposal.
Terms of the deal were not released.
“This is a landmark day for Knauf Insulation,” said Mark Andrews, CEO of Knauf Insulation in North America. “This acquisition is an important step in our mission to become the global leader in energy efficient systems for buildings.”
He added that Knauf Insulation plans to bring its technology to the existing Guardian Insulation facilities in a transformation that will begin this year.
WDMA sees opening for windows and doors
The Window and Door Manufacturers Association’s (2015) recently released Window and Entry Door 2014 U.S. Market Study shows continued growth for the residential window market through 2015.
The study, prepared, researched and analyzed by Metrostudy and the Virginia Center for Housing Research at Virginia Tech, forecasts overall residential window market growth of 9.1% for 2014 and 8.3% for 2015. This follows market growth of 10% in 2013.
From a product mix standpoint, in 2013 vinyl windows made up nearly 69% of the residential market, followed by wood clad windows at 20%.
The WDMA report delivers timely, detailed information on residential entry door, and residential and light commercial window market trends and product relationships; historic data for 2011 and 2012, and forecast data for 2014 through 2016. Forecasts are based on projections of construction activity as of May 2014. Also included in the report is data on ENERGY STAR 2013 production and market growth.
Retail sales stay flat in July
After several months of increases, U.S. retail sales fell flat in July as motor vehicles and parts sales fell 0.2%.
The Commerce Department reported advance estimates of U.S. retail and food services sales of $439.8 billion, adjusted for seasonal variation and holiday and trading-day differences. This compares to a preliminary estimate of $439.9 billion last month, though July’s figure is up 3.7% year-over-year.
Additionally, total sales for the May through July 2014 period were up 4.2% over last year.
Building material and garden equipment & supplies dealers (NAICS 444) were up 0.2% for the month and 5.1% for the year.
Across other industries, department stores suffered the worst monthly sales decline, losing ground by 0.7%. Miscellaneous store retailers led the pack at an increase of 0.9%, followed by both clothing & accessory stores and health & personal care stores at 0.4%.