NEWS HIGHLIGHT
Quanex to close spacer plant
Quanex Building Products has announced a consolidation and restructuring plan for its insulated glass spacer business. Currently, the company produces warm-edge spacer products in the U.S. at its Cambridge, Ohio, and Barbourville, Ky., locations.
Nov. 9, 2011 – "Quanex Building Products remains committed to becoming the leader in
the production of fenestration components, products and systems serving
a global customer base," said David Petratis, Quanex's president and CEO. "We continually work to identify opportunities
that enhance our ability to deliver outstanding products and services
to our growing customer base. While it was a very difficult decision to
close our spacer facility in Kentucky, we believe this consolidation
will allow us to better serve our customers through streamlined
operations. During the transition, our spacer customers can expect to
see the same great service and experience they have grown accustomed
to."
The restructuring plan also includes the consolidation of
administrative functions, as well as research and development. Effective
today, George Wilson will assume the new role of general manager of insulated glass systems.
The consolidation of operations and the subsequent closure of the
Barbourville facility are expected to be completed during Quanex's
fiscal third quarter 2012.
Quanex Building Products Corporation is a manufacturer of value-added engineered products and components, serving
the energy-efficient building products markets. It is an ROIC-driven
company that seeks to grow shareholder returns through a combination of organic
growth via new products, programs and strategic acquisitions.
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