August 2nd, 2011
Around the Industry
While I wasn’t exactly sure what to write about in today’s blog (I had a few ideas circling around), that certainly changed this morning with a big news story and a few important tidbits here and there.
1. First, check out the news that Onex Corp. is upping its investment in Jeld-Wen. In May the company announced it would make a $675 million investment, but now that has been upped to $864 million. When the initial investment was first announced it had people buzzing so I’m sure that is even more the case now.
2. Consumers Digest Best Buys. Check out our story on Consumer Digest’s Best Buy selections for doors. However, what really drew my interest was this statement from the article’s introduction: “But if energy efficiency is your main goal don’t be swayed by the fact that more manufacturers offer triple-pane glass as an option on entry doors that have windows. In most cases, upgrading to the more expensive glass won’t deliver any significant benefits.” Would love to hear from some door manufacturers to see if they agree with that statement.
3. How are Manufacturers Faring? For years now, the consensus from the industry was that 2012 was the big turnaround year. Yes, in the beginning of 2010 people were saying to stick it out until 2012. I hate to say it, but I think some are moving that back to 2013. Yikes. What are you hearing? If you are a manufacturer that is doing well and meeting sales goals at this point in the year I would love to hear from you.
I hate to leave you on that negative note. But as I often hear it seems that there are companies who are holding their own and those still struggling. But go back to my number-one item above. If Onex is willing to invest that much in Jeld-Wen there has to be promise and a hope that the market will eventually rebound. I just hate to say the words though: “Here’s to 2013?” I hope a rebound comes sooner. What are your thoughts?