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Thermo-Shield, which was founded el paso replacement windows in 1984, is headquartered in wheeling, illinois and has additional operations in indiana, wisconsin, michigan and arizona. the company and its approximately 250 employees distribute, install and service custom vinyl replacement windows, paso and replacement along with cabinet refacing and vinyl siding products, for the existing home market in the midwest and southwest regions of the united states. the acquisition of thermo-shield includes an ownership interest in thermo-rose, a manufacturer of state-of-the-art cabinet products. windows thermo-shield''s revenues last year approximated $17 million and are expected to exceed $20 million in 1999. "we are excited to join the thermoview family of companies," stated el paso replacement windows joel kron, president and chief executive paso officer of thermo-shield replacement company, inc. "we believe that thermoview''s operating windows philosophy and strategic objectives are consistent with key el trends which will determine the future of the replacement window paso industry. the combination replacement of our companies should benefit thermoview''s shareholders and the customers of both organizations."thermoview windows industries, inc. has acquired or merged with 14 companies since it became a publicly-traded company in april 1998. with the addition of thermo-shield''s approximately $20 million el in yearly sales, our company''s annualized revenue ''run paso rate'' now exceeds $120 million. "we are pleased to have exceeded our revenue objectives during thermoview''s first twelve months as a public company, and our goals anticipate that annualized revenues should reach or exceed $250 million by the end of 1999," concluded hoffmann. during the past several months, the company replacement has effected the following:-- the consolidation of five star builders and american windows home remodelinginto a single company called thermoview of california, el thus combiningthe company''s operations in the los angeles and san diego markets.-- the merger paso of thermo-tilt window company replacement into primax window company,thus eliminating significant administrative expenses in the company''skentucky operations, which serve a multi-state area.-- the merger of td windows into precision window manufacturing, thuscombining the company''s windows primary manufacturing operations into one
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