PFB Corporation and NOVA Chemicals Corporation Terminate Letter of Intent for Acquisition of Nova Chemicals' Performance Styr...
November 16 2012 - 11:20AM
Marketwired
PFB Corporation (TSX:PFB) ("PFB") announces that it has agreed with
Nova Chemicals Corporation ("NOVA Chemicals") to terminate their
letter of intent whereby PFB would acquire NOVA Chemicals'
Performance Styrenics business, including the expandable
polystyrene ("EPS") and ARCEL® resin products.
PFB and NOVA Chemicals have been unable to execute definitive
agreements in accordance with the terms of the Letter of
Intent.
About PFB
PFB Corporation is a vertically integrated manufacturer of
insulating building products that are marketed across North America
under five brands. Plasti-Fab, EPS Product Solutions® are products,
manufactured using expanded polystyrene (EPS) as base raw
materials, that are delivered to customers in five segmented
markets. Advantage ICF Systems® are insulating concrete forming
systems that are employed to build insulated foundations and walls
from concrete in both residential and commercial markets.
Insulspan® Structural Insulating Panels Systems (SIPS) are used to
create structural walls and to replace trusses on roof systems to
form an energy-efficient structural envelope. PFB Custom Homes
Group includes Riverbend® Timber Framing, PrecisionCraft® Log
&Timber Homes, Point Zero(TM) Homes and M.T.N Architects. Each
brand provides clients with our exclusive Total Home Solution® for
building custom homes in the US, Canada and internationally that
can include Insulspan SIPS for the walls and roof, and Advantage
ICFS for the building's foundations.
PFB Corporation is listed for trading on the Toronto Stock
Exchange, symbol PFB.
Contacts: PFB Corporation Stephen P. Hardy Vice President &
CFO (403) 569 4303 (403) 569 4075 (FAX) PFB Corporation 100, 2886
Sunridge Way NE Calgary, Alberta T1Y 7H9