Construction/Building — November 16, 2012

PFB Corporation and NOVA Chemicals Corporation Terminate Letter of Intent for Acquisition of Nova Chemicals' Performance Styrenics Business

CALGARY, ALBERTA--(Marketwire - Nov. 16, 2012) - 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™ 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.

Contact Information

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

Print

Latest Industry Press Releases

Updated 9:49 EDT, April 24, 2014  

Construction/Building

Stantec executives to hold first quarter 2014 conference call (2014-04-24)

Retrocom REIT Announces Date of First Quarter 2014 Financial Results Conference Call (2014-04-23)

President of Contractors Association Eyes Retirement on the Horizon (2014-04-23)

The North Front Limited Partnership Seeks Limited Partner Approval to Sell the Richmond Retirement Residence and Dissolve (2014-04-22)

Dresner Partners Announces Partnership With Richmond Virginia-Based Investment Bank (2014-04-22)

Empire Industries Reports 2013 Profit of $4.4 Million (2014-04-22)

Scotiabank Launches Enhanced Tool for Earth Day, Helps Canadians Save Money by Saving Energy (2014-04-22)

Tree Island Announces First Quarter 2014 Financial Results and Conference Call Notification (2014-04-22)

Pour célébrer le Jour de la Terre, la Banque Scotia lance un outil amélioré qui aident les Canadiens à économiser énergie et argent (2014-04-22)

RenoWorks Announces 2013 Fourth Quarter and Year End Financial Results (2014-04-22)

Toromont to Hold Annual and Special Meeting of Shareholders on April 25, 2014 (2014-04-22)

NorRock Realty Finance Corporation Announces Private Placement and Update to Proposed Reactivation Transaction (2014-04-21)

CanWel Building Materials Announces First Quarter 2014 Financial Results Notification (2014-04-17)

Greater Toronto Realtors(R) Report Mid-Month Resale Housing Statistics (2014-04-17)

Black Diamond Group Limited Announces April Dividend (2014-04-17)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 479 projects with a total value of $1,224,678,004 that Reed Construction Data Building Reports reported on Wednesday.

MULTI-RESIDENTIAL APARTMENT BUILDING

$31,000,000 Richmond Hill ON Negotiated

AQUATIC CENTRE ADDN, OUTDOOR RINK

$30,000,000 Brampton ON Tenders

OFFICE BUILDING

$30,000,000 Mississauga ON Negotiated

Daily Top 10