P.H. Tech Completes Acquisition of Accent WindowsJune 1st, 2011 | Category: Industry News
PVC extruder P.H. Tech, based in Lévis, Québec, announced today that it has completed the acquisition of the assets of door and window manufacturer Accent Windows Inc., located in Westminster, Colo. The U.S. Bankruptcy Court for the District of Colorado approved the sale of Accent Windows’ assets to its largest creditor, PH Tech Inc. , after the company filed for Chapter 11 in early March.
“This is a financial decision aimed at protecting our presence in Western U.S. and helping our client regain its financial self‐sufficiency,” says P.H. Tech president Serge Falardeau.
P.H. Tech says that in the coming weeks it will support the team in place in the improvement of business operations to ensure a smooth transition and immediate value for customers and partners.
Under new ownership, Accent Windows will continue to do business as “Accent Windows” and use the same trademarks. It will serve its clientele with the same employee base (apart from a few management team changes) and continue to offer a wide range of products designed for renovations, according to PH Tech.
Terry Marcovich, Accent president tells DWM magazine he will not remain with the company.
“I am excited that PH Tech will carry on the company name and its 28 years of serving the community,” says Marcovich. “I am happy for the employees whom will continue on with my family’s legacy.
While an auction for the sale of the company’s assets originally had been scheduled for May 18, as of May 6 the only bid that had been received was that of P.H. Tech’s.