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Thermo-Shield, which lakeland replacement windows was founded in 1984, is headquartered in wheeling, illinois and has additional operations in indiana, wisconsin, michigan and arizona. replacement the company windows and its approximately 250 employees lakeland distribute, install and service custom replacement and windows vinyl replacement windows, along with cabinet refacing and vinyl siding products, for the existing home market in the midwest and southwest regions of the united lakeland and replacement states. the acquisition of thermo-shield includes an ownership interest in thermo-rose, a manufacturer of state-of-the-art cabinet products. windows and lakeland thermo-shield''s revenues last year approximated $17 million and are expected to replacement exceed $20 million in 1999. "our efforts to enhance operating efficiencies have windows not been limited to our distribution operations," continued smith. "we recently lakeland consolidated the manufacturing replacement operations of td windows windows and precision window manufacturing into a new 66,000 square-foot facility in st. louis. the new plant has more than twice the production capacity of the two facilities which it replaced, yet the overall lakeland administrative expense replacement burden should be significantly reduced. the increased capacity will allow thermoview to supply a broader product line to more of its distribution subsidiaries from company-owned manufacturing facilities." "we are excited to join the thermoview family of companies," windows and lakeland stated joel kron, president and chief replacement executive officer of thermo-shield company, inc. "we windows believe that thermoview''s operating philosophy and strategic lakeland objectives are consistent with key trends which will determine the future of the replacement window industry. the combination of our companies should benefit thermoview''s shareholders and the customers of both organizations."thermoview industries, inc. has acquired or merged with 14 companies since it became a publicly-traded company in replacement april 1998. with the addition windows of thermo-shield''s approximately lakeland $20 million in yearly sales, our company''s annualized revenue ''run rate'' now exceeds $120 million. "we are pleased to have exceeded our revenue objectives during replacement thermoview''s first twelve months as a public company, and our goals anticipate that windows annualized revenues should reach or exceed $250 million by the end of 1999," concluded hoffmann.
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