Toronto Stock Exchange: ARF.UN
GUELPH, ON, Jan. 3 /CNW/ - 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
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 further information:
For further information: 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