Trade Resources Company News Certainteed Announced Today Its Intention to Form a Joint Venture

Certainteed Announced Today Its Intention to Form a Joint Venture

CertainTeed, a leading North American manufacturer of building materials, announced today its intention to form a joint venture with Bailey Metal Products Limited of Concord, Ont to manufacture suspended ceiling grid in Canada and the United States. Bailey Metal Products Limited is Canada's largest lightweight steel framing manufacturer and a leading provider of drywall trims and accessories.

With this joint venture, CertainTeed will have access to Bailey's 60 years of steel processing, fabrication and technical expertise as well as the company's extensive knowledge of the Canadian market. With CertainTeed, Bailey will partner with an emerging leader in the manufacture of innovative, high quality suspended acoustical ceilings products.

Mr Graham Thayer vice president and general manager for CertainTeed Ceilings said that "Our customers want to work with a company that provides innovative, unique and comprehensive ceilings solutions to their construction challenges. That means the total package of high quality ceiling tiles, grid systems and the technical expertise to support their needs."

In the short term, grid products in Canada will continue to be sold under both the Bailey and CertainTeed brands with a gradual transition for all grid products to the CertainTeed brand.

Mr Thayer said that "This joint venture will literally open the door for CertainTeed, giving us broad capacity for growth throughout Canada and the United States. CertainTeed and Bailey represent the perfect marriage of technical expertise and production capacity to allow CertainTeed to provide an unrivaled combination of ceilings products to the industry."

Source: http://www.steelguru.com/international_news/CertainTeed_to_form_JV_with_Canadian_Steel_Company/295582.html
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Certainteed to Form JV with Canadian Steel Company
Topics: Construction