LONDON, Ontario--(BUSINESS WIRE)--March 4, 2002--Emco Limited (NASDAQ:EMLTF) (TSE:EML.) Emco Limited (Toronto: EML; Nasdaq: EMLTF) today announced that its subsidiary, Emco Building Products Ltd. (Building Products), has formed a strategic alliance with Johns Manville (JM) of Denver, Colorado, relating to JM's facility in Plattsburgh, New York and utilizing Building Products' Canadian manufacturing capability.
This alliance brings together two of the roofing industry's leading manufacturers to offer products to the industrial/commercial roofing markets, principally in Canada. Emco Building Products is a major Canadian manufacturer of quality roofing and wood fiber building products, while Johns Manville is the largest manufacturer of products for the industrial/commercial roofing markets in the U.S.
Under the terms of the alliance, Johns Manville and Building Products will jointly oversee the manufacture of membranes for the industrial/commercial market, as well as eave protectors for the residential market at JM's existing facility in Plattsburgh, New York. Building Products will be entitled to a portion of the production capacity of the operation. Building Products has agreed to make an initial investment to upgrade and add further capacity to the plant.
The alliance also provides for a private label manufacturing arrangement whereby Building Products will supply glass ply asphalt felt to JM to be sold under its JM brand. Both manufacturers will work together to obtain necessary approvals for a wide range of modified, glass ply and built-up-roofing (BUR) systems.
Bill Ricketts, President of Emco Building Products Ltd., stated, "We anticipate tremendous opportunities for both companies from this alliance by sharing proprietary technology, accessing new markets and benefiting from economies of scale."
Emco Limited is one of Canada's leading manufacturers and distributors of building products for the residential, commercial and industrial construction markets.
Forward-looking statements contained in this news release are made based upon management's expectations and beliefs concerning future events and therefore involve risks and uncertainties. Actual results could differ materially from those expressed or implied.