September 4, 2007 | Vol 2, Num 36
e-glass weekly, your weekly source for industry news and financial data
News to know
Former Efco CEO responds to buyout
Glass Magazine announces Crystal Achievement Award winners
GlassBuild America to open with record number of exhibitors
More top stories
Product spotlight
Historic preservation glazing
Financials
Glass companies make the ranks of fastest growing companies
Business headlines
e-Poll
Do you think the merging of strong residential players with strong commercial players will become more common in the industry?
Yes
No
Not sure



Last week's poll results:
Do you think the fall of the subprime mortgage market will affect construction spending in the nonresidential segment?

39.09%: Yes, but it will be minor

36.36%:Yes, and it could be severe

24.55%:No, the market is strong enough to withstand it


 

 


Financials

Business headlines

Pella buys Efco
Residential window and door manufacturer Pella Corp., of Pella, Iowa, acquired Efco Corp., of Monett, Mo., on Aug. 28 for an undisclosed amount, according to an Aug. 30 Pella release. The aluminum curtain wall, window and storefront company will now be known as Efco, a Pella Company, according to the release read more

Gas prices to decline
Gasoline prices rose slightly last week in response to the threat of Hurricane Dean should retreat this week, reported, according to an Aug. 27 Tampa Bay Business Journal article read more

Construction job cuts could exceed 1 million
More than 1 million construction jobs could be lost if a housing downturn causes a recession and tighter credit access limits investment, according to an Aug. 26 reuters.com article.

Nonresidential construction may continue to offset a housing downturn, but recent credit market turmoil indicates job cuts may increase in the next few months, according to the article read more


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