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Brunswick Technologies Board Issues Statement On Unsolicited Certainteed Offer

  • Wednesday, 26th April 2000
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Brunswick Technologies Inc, issued the following statement regarding an announcement by CertainTeed Corporation, that it has commenced a formal offer to acquire all outstanding BTI shares for $8.00 per share in cash. “BTI’s Board of Directors will evaluate the CertainTeed offer and make a recommendation to stockholders in due course. The Company urges stockholders not to take any action with respect to the CertainTeed offer until the Board makes its recommendation.” BTI develops and manufactures engineered reinforcements for the composite industry. Examples of products manufactured with BTI engineered reinforcements include ballistic armor, boats, snowboards, truck panels, wind-blades, automotive parts, marine pilings, bridges, and offshore oil and gas production equipment. BTI has manufacturing facilities in Maine, Texas and the UK. CertainTeed Corporation is a leading manufacturer of roofing; vinyl and fiber cement siding; vinyl windows; vinyl fencing, deck and railing; ventilation products; piping products; fiber glass insulation; and fiber glass products for reinforcing plastics and other materials. The company is headquartered in Valley Forge, Pennsylvania, and has more than 7,000 employees and 45 manufacturing facilities throughout the United States.


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