As part of the proposed purchase, CertainTeed would acquire four asphalt shingle-manufacturing plants located in Fremont, Calif.; Los Angeles; Birmingham, Ala.; and Cincinnati. The purchase would also include a fiberglass mat production plant in Russellville, Ala.
Celotex Corporation is a manufacturer of building materials for domestic and international commercial and residential markets. In addition to roofing products, the company manufactures rigid foam insulation, gypsum board, fiberboard sheathing and mineral ceiling tiles and panels for retail and commercial use.
Celotex also announced plans to sell its ceiling products and gypsum wallboard operations to BPB Plc of the United Kingdom, the second largest producer of wallboard in the world and the largest outside the United States. These operations include 12 manufacturing facilities and account for approximately 50 percent of Celotex' overall revenues. The purchase will allow BPB to expand its U.S. market by establishing a U.S. operation in gypsum and ceiling products. Current BPB North American gypsum operations are part of Westroc Inc., headquartered in Toronto, Canada.
The rigid foam-based insulation and sheathing business, which includes 5 manufacturing plants and accounts for about 20 percent of Celotex' operations, is currently being marketed to a number of potential buyers.
At present, a buyer is still being sought for Celotex' fiberboard operations (5 percent of current revenues with two manufacturing facilities).
The sale of Celotex' various operations culminates a process that began in November 1999, when Celotex
The announced sales are expected to occur within the next 30 - 45 days, subject to any possible regulatory issues. Operations in the Tampa Bay area will continue for up to six months or more. This time period depends upon negotiations for the remaining operations of Celotex, as well as current discussions with the new owners for continuing administrative support during the transition period.

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