Serious Materials CEO Confirms Plans to Purchase Republic

January 15th, 2009 by Editor

Kevin Surace, president of Serious Materials, based in Sunnyvale, Calif., confirmed with DWM magazine today that the company plans to purchase Republic Windows and Doors.

“We are awaiting approval by the bankruptcy judge and the trustees,” says Surace.

Serious, which serves the commercial market and the retrofit segment of the residential segment and focuses on high R-value energy-efficient products, says the purchase of Republic will help with capacity issues.

He points out that Republic served the retrofit residential market and that their line will work well with the Serious line products, and “we can modify what we need to.”

Surace says the plan is to bring back Republic’s workers over time; he notes that they can’t all be brought back on day one, but he does plan to do so business increases at the Chicago plant.

When asked about Republic customers who moved their business to Echo Windows, and whether they will come back to the company, Surace says, “I’m sure some dealers will stick with the new company and some will come back. But our focus will be to get people into high R-value products.”

Surace also commented briefly when asked about the reports that Richard Gillman, former owner of Republic, took equipment from the Republic plant to his new window company, Echo Windows in Red Oak, Iowa.

“When you have a bank involved, you can’t take things out of there, so that will all have to be figured out. When you walk through the plant you can see lines that are missing,” says Surace. “But that’s between the former owners and the banks who gave them credit. It really doesn’t involve us directly.”

CLICK HERE for DWM’s coverage from yesterday regarding this story including a statement from the union representing Republic’s workers.

Stay tuned to dwmmag.com for continuing coverage of this breaking story.

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