Sources: NCI Building Systems, Inc., Cary, N.C.; CP staff
Two months after joining the Ply Gem Building Products business by way of a nine-figure deal, Denver-based precast concrete veneer producer Environmental StoneWorks will be among Cornerstone Building Brands. The latter spans the exterior products businesses of NCI Building Systems and Ply Gem, which merged in 2018, and is set to trade on the New York Stock Exchange under the ticker symbol “CNR” pending shareholder approval next month.
Sources: National Gypsum, Charlotte, N.C.; CP staff
National Association of Home Builders Association-affiliated Home Innovation Research Labs finds that using PermaBase Cement Board as a substrate in exterior wall systems with modified veneer mortar reduces adhered stone installation time by 35 percent and total installed cost by 6 percent against traditional lath-and-cement mortar base alternatives.
Sources: Headwaters Inc., South Jordan, Utah; Lincoln Intl., Chicago; CP staff
Headwaters has closed on separate transactions involving an 80 percent equity interest in Okeechobee, Fla.-based Roof Tile Inc., which produces and markets Entegra brand concrete lines in Florida and Caribbean markets, plus a 40 percent stake in a related joint venture behind Tag & Stick, a roofing underlayment product.