The Company expects Just-Rite will also gain many
additional benefits for
its customers from Degussa producing and distributing
the Acrocrete brand product offerings from
this arrangement, including:
* a broader product offering to reach new markets and a continuing
opportunity to access new products through the research and development
activities of a world
-wide chemical company."
Degussa, headquartered in Jacksonville, Florida, is a leading manufacturer
of EIFS, stucco, and specialty finishes and architectural coatings in North
America. Demand will
be supported by an acceleration in nonresidential
construction activity.
pavers supplies
POMPANO BEACH, Fla.
For the year ended
December 31, 2004 and the three months ended March 31, 2005, Acrocrete
products
generated net sales of $9,874,000 and $2,443,000, respectively, of
which $5,007,000 and $1,446,000
for such periods were sold through Just-Rite.
* the gaining of additional building code approvals
and technology
support.pavers pipes
Imperial Industries Inc. Announces Strategic Alliance with Degussa Wall Systems
Inc. And Sale of Acrocrete Manufacturing Assets
S.trenchless plaster
(Logo: http://www. However,
this segment will continue to face strong
competition from hard surface flooring.plaster maintenance
Just-Rite
will continue to market Acrocrete products through its strategic
alliance with Degussa.
The Company determined that it was not likely that sufficient production
economies would be realized
from Acrocrete's acrylic stucco manufacturing
facility in the future without an inordinate amount
of investment and risk to
combat increasing costs due to the sharp increase in its raw materials
, which
are principally oil based.
Imperial Industries, Inc. Gains will be driven by a
significant recovery in nonresidential building construction spending
through 2009 from the depressed
levels seen in the 1999 to 2004 period.fasteners attention
As a result of the strategic alliance with Degussa, the Company
's wholly owned
subsidiary, Acrocrete, Inc.
The Distribution Agreement will commence on October
1, 2005.PRESS RELEASE US Carpet +amp; Rug Demand to Exceed 20 Billion Square Feet in 2009
boral showrooms
, Imperial
Industries, Inc.
Degussa is part of Degussa Construction Chemicals, the world's largest
construction
chemical company with sales in excess of $1. ("Just-
Rite") entered into a three year distribution
agreement with Degussa which
provides for the future sale of Acrocrete products manufactured by Degussa
. The Company is engaged in the
manufacturing and distribution of stucco, plaster and roofing products
to
building materials dealers, contractors and others through its subsidiary,
Premix-Marbletite
Manufacturing Co.
This segment will be bolstered by increasing interest in high-end woven
rugs
, which are often used to complement hard surface flooring.
ATTENTION: Local installers and contractors
should be submitted to the appropriate Business and Economy category for their local/area market.
escalators finishes
newscom
.
Acrocrete's operating results have been the least profitable of the
Company's subsidiaries
since the first quarter of 2004 and such profits
continued to decline through the first quarter of
2005. Such statements, including those regarding, among other things,
the success of the Company
's sales and marketing efforts, improvements in
productivity, the Company's strategy and future prospects
, are dependent on a
number of factors, including market conditions and availability of financing
,
only some of which are within the Company's control. Additionally, expansion of distribution channels
,
product innovations and improved material technology will aid growth.
Additionally, new demand
will be supported by steady growth in floor space.escalators screws
, is engaged in the distribution of the Company's
manufactured products, as well as stucco, gypsum, roofing, insulation and
masonry products manufactured
by other companies.masonry pipes
Please submit sites related to materials and supplies of construction and
maintenance including, but not limited to:
Wholesale and Distribution
Manufacturing
Marketplaces
Education and Training
Associations
Conferences, Trade Shows, and
Expos
ATTENTION: Local retailers and showrooms should be submitted to the appropriate Business
and Economy category for their local/area market.
moisture scaffolding
The Company through its subsidiary, Just-
Rite
Supply, Inc.imperialindustries.
The US market for carpets and rugs is
projected to rise only
1.2 percent per year
through 2009 to 6.thermal supplies
attention scaffolding
(Nasdaq SC: IPII) (the "Company") announced today
it has
entered into a strategic alliance with Degussa Wall Systems, Inc. Woven carpets and
rugs
will see faster gains than their tufted counterparts through 2009.screws installers
com/cgi-bin/prnh/20050330/FLW029LOGO
)
The Company's wholly owned subsidiary, Just Rite Supply, Inc.
* greater access and recognition
from contractors and architects. We believe this
transaction provides our Company the ability to
leverage its customer service
capability strengths with its Just-Rite distribution network to ultimately
grow our business with quality products produced by a world-wide premier
chemical products company
on a more competitive basis. Just-Rite will be well
positioned through its relationship with Degussa
to enhance future sales and
profits.
This category contains links to sites related to materials
and supplies used in the construction and maintenance industry.
moisture cement
Actual results could
differ materially
from those currently anticipated due to a number of factors,
including those set forth in the Company
's Securities and Exchange Commission
filings under "Risk Factors.materials screws
Under the terms of the asset purchase
agreement with
Degussa, the Company will receive an aggregate of $1,100,000 in cash, together
with
the net book value of certain accounts receivable and equipment ., a Cleveland-based industrial market
research firm.maintenance moisture
* greater access to product application design and engineering assistance. Daniel
Ponce, Imperial's Chairman of the Board, stated: "We are excited
about the strategic alliance we
have established with Degussa.
The statements in this press release contain certain forward
-looking
statements.6 percent per year through 2009 to over 22 billion
square feet, but will still
account for 65 percent of the floor covering
market.
However, carpet and rug demand is forecast
to decelerate from the 1999 to
2004 period, due to a decline in new residential construction spending
. Rugs will benefit from the
growing popularity of hard surface flooring, while carpet tiles will
see
accelerating growth based on their penetration into the residential market
and a rebound in
nonresidential construction activity.
The nonresidential building market is expected to provide
the best
opportunities for carpets and rugs, with demand rising 3.nails cement
" A more detailed discussion of
risks attendant
to the forward-looking statements included in this press release are set forth
in
the "Forward-Looking Statements" section of the Company's Annual Report on
Form 10-K for the year
ended December 31, 2004, filed with the Securities and
Exchange Commission ("SEC"), and in other
reports already filed with the SEC.cement installers
, has elected to exit the manufacture of acrylic
stucco products
and has sold certain assets, including the Acrocrete brand
name, to Degussa.marketplaces pipes
Degussa provides the
technology and research and development
activities for new products, as well as the necessary product
code approvals
and technical knowledge, to enhance its customers' competitive positions
within
their markets.
Carpets + Rugs study
Through 2009, the US carpet and rug market will continue to be dominated by
tufted products
.moisture screws
("Degussa"). Despite this competition, two
product types of tufted carpets and rugs -- scatter
rugs and bath mats, and
modular carpet tile -- will post solid gains.attention formwork
com for more information about
the Company.
Gains in the residential segment will decelerate, driven by a decline in
the new
single-family residential market due to a fall in single-family
housing completions.scaffolding nails
See our website
at
http://www. These
and other trends are presented in "Carpets & Rugs," a new study from The
Freedonia Group, Inc.trenchless moisture
5 billion annually. Further, Acrocrete has not been able to obtain
product
liability insurance related to the sale of its acrylic stucco products
used in exterior insulation
and finish systems ("EIFS") since March 15, 2004. In
addition, carpet demand will be restrained
by ongoing consumer interest in
hard surface flooring, especially laminates, ceramic tile and wood
.escalators elevators
* improved marketing capabilities., a building products company, sells products
throughout
the Southeastern United States with facilities in the States of
Florida, Georgia, Mississippi and
Alabama. Rugs
will benefit from this consumer preference, as scatter and area rug
products are
often used in combination with hard surface flooring.1 billion square feet.
marketplaces cement
A community sponsored library.
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