Investor Press Release
F. Timothy Reese Joins Quanex Building Products As CEO Of Mikron Subsidiary
Mr. Reese joins
"As a matter of strategic focus, Quanex's highest priority is renewing investment in – and focus on – our core vinyl profile business to ensure it possesses the strategy, resources, and people to realize its full potential," commented Griffiths. "Tim is unquestionably a key addition to this effort. His career has been defined by high-technology manufacturing excellence, R&D leadership, and a track record of continuous productivity improvement.
"Quanex has a long history of leadership in the fenestration and adjacent industries, and I am honored to join the leadership team," said Mr. Reese. "The company is clearly committed to investing in and expanding its vinyl profile business, as underscored by its recent acquisition of HL Plastics, and I look forward to lending my expertise to the effort as the housing and repair/remodel markets continue their steady improvement."
Prior to joining
Earlier in his career, Mr. Reese served in the
Forward Looking Statements
Statements that use the words "estimated," "expect," "could," "should," "believe," "will," "might," or similar words reflecting future expectations or beliefs are forward-looking statements. The forward-looking statements include, but are not limited to, future operating results of Quanex, the investments being made in our vinyl business, the future financial condition of Quanex, future uses of cash and other expenditures, expenses and tax rates, expectations relating to the Company's industry, and the Company's future growth, including revenue and EBITDA guidance. The statements set forth in this release are based on current expectations. Actual results or events may differ materially from this release. Factors that could impact future results may include, without limitation, the effect of both domestic and global economic conditions, the impact of competitive products and pricing, the availability and cost of raw materials, and customer demand. For a more complete discussion of factors that may affect the Company's future performance, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended
An industry-leading manufacturer of engineered materials and components for building products sold to Original Equipment Manufacturers (OEMs), Quanex designs and produces energy-efficient window and door products, systems and solutions.
Employing top talent, developing forward-thinking technologies and solutions with an emphasis on energy efficiency and aesthetics, continuous improvement and integrity remain the cornerstones of Quanex's business as it positions itself for future growth in the building products market with a special emphasis on supplying innovative new products to the fenestration industry.
For more information visit www.quanex.com.
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