Armtec Distribution Agreement Expands U.S. Retail Market Presence
GUELPH, ONTARIO, January 3, 2008 – Armtec Infrastructure Income Fund (TSX: ARF.UN) today announced a distribution agreement with CertainTeed Inc., a leading North American manufacturer of building materials and supplier to the U.S. residential building trades industry. Under the terms of the agreement, CertainTeed will distribute Armtec’s Platon foundation wrap product throughout the U.S. residential housing and retail building trade markets. Platon keeps basements dry by waterproofing foundations and controlling moisture under sub-floors.
“This agreement is consistent with our growth strategy and marks the beginning of an exciting new relationship that supports our objective of increasing the penetration of the Platon product in the U.S. marketplace and also opens opportunities for future growth,” said Charles Phillips, President and CEO of Armtec. “CertainTeed is a major player in the U.S. Building Products market with a national presence. We are very pleased to have the opportunity to work with such a strong partner, who shares our enthusiasm for the potential for Platon, and look forward to following up with them on further initiatives that will expand the respective offerings to our customers.”
Headquartered in Valley Forge, Pennsylvania, CertainTeed has 70 production facilities across the country, and manufactures a wide range of building materials, including roofing, siding, insulation, windows and patio doors, fence, decking, railing, foundations and pipe. The company is a wholly owned subsidiary of Saint-Gobain, one of the top 100 industrial companies in the world. Saint Gobain’s North American companies operate nearly 200 manufacturing facilities in industries as diverse as industrial ceramics and containers, reinforcements and flat glass, abrasives, and building materials.
Platon foundation wrap is made from high-density polyethylene or HDPE, one of the toughest and longest-lasting plastics in existence today. Platon’s air gap membrane technology provides a permanent water and moisture barrier. With a unique 30-year product warranty against leakage, Platon is gaining popularity for residential construction and repair.
About Armtec Infrastructure Income Fund
Armtec is a leading manufacturer and marketer of drainage products and engineered bridging solutions for infrastructure applications in a diverse cross-section of industries, including the public infrastructure market and private sector markets such as natural resources, residential drainage and agricultural drainage in Canada. Armtec is Canada’s only national multi-material manufacturer specializing in corrugated high-density polyethylene pipe, corrugated steel pipe for drainage applications and engineered solutions such as Bridge-Plate and Multi-Plate for bridging applications. Armtec’s Con-Force division designs and manufactures a wide range of bridging and commercial construction products including the advanced “NU” bridge girder system, allowing for some of the longest spans available in pre-cast concrete technology.
For more information, please contact:
Charles M. Phillips
President & Chief Executive Officer
Armtec Limited Partnership
Tel: (519) 822-0210
Fax: (519) 822-8894
Carrie Boutcher
VP, Finance & Interim Chief Financial Officer
Armtec Limited Partnership
Tel: (519) 822-0210
Fax: (519) 822-8894