Document 0L54bzbw56N0XxdKpZ617Z9J

The new building w ill complete range,* he said. _ _ _ . . .[_____________ ________________ the project and w ill be oke of the Please see 1MT0RY on Pa#e 121). - l l r w____ _ _.J 1 *bo#l4 gt-ftntirlt not m *4 any of rv t* . v ., ih n e ton4* 4anac that Ht&i V^WCJLIS to acquire Fibreboard Continued from Page ID. wood products to a major manufac turer of vinyl siding, a fast-growing part of the building products business. Mr. Roach replaced much of the company's management and sold a troubled wood products division apd a resort operation. Fibreboard then bolstered its vinyl siding busi ness with the acquisitions of three vinyl products companies, Norandfex Vinyl Products Co., Fabwel Inc. apd Vytec Corp. It also added Stone Products Corp., a maker of stone building products. ! Overall, the restructuring trimmed Fibreboard's results last ypar to $51.7 million in net income on revenue of $468.9 million, down from $95.8 million in net income on revenue of $335.8 million in 1995. T?ie changes, howeverjmade Fibrebpard an attractive acquisition in a rapidly consolidating industry, offi cials said. ! Fibreboard now is one of the five largest makers of vinyl siding for hjomes and is growing about 30 per cent a year, Mr Roach said. In con trast, consumer demand for vinyl siding has increased at about a 10 percent annual rate, while the tyrilding products industry has expanded at a more modest 3 per cent annual pace, he said. i Mr. Hamilton, the Owens spokes man, said the company intends to sfell Fibreboard's products through Owens' distribution, network to large retailers such as home improvement centers and to a lesser extent distribute Owens products through Fibreboard's 130 companyqwned distribution centers in 32 states. 1 Last year, Owens lost $284 mil lion on revenue of $3.8 billion after taking a charge of more than $875 million related to settlement of asbestos litigation claims. During tjie previous year, Owens earned 231 million on revenue of $3.6 billion. ! Fibreboard stock closed at $54.31, Up $6.81 in trading on the American Stock Exchange. Owens stock closed at $41.63, up 50 cents in trading on the New York Stock Exchange. I 166mm* Pentium $14441 W I JA FOR j 1,500 M Sign your business up with Sprint PCS nc and for just $75 a month you'll get 1,500 hoi airtime minutes a month all the way to t year 2000. That should be more than enou time to appreciate all the benefits of 100% digital, 100% PCS network. Like clet reception, fewer dropped calls and far be protection against number theft Give us a at 1-800-480-4PCS, or stop by one of locations today. You can also visit u