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Thermo-Shield, which was founded 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 stockton replacement windows vinyl replacement windows, along replacement with cabinet refacing and vinyl siding products, for the existing home market in the midwest and southwest regions of the united states. the acquisition windows of thermo-shield includes an ownership stockton replacement windows interest in thermo-rose, a manufacturer of state-of-the-art cabinet products. thermo-shield''s revenues last year approximated $17 million and are replacement and windows expected to exceed $20 million in 1999. "with respect to specific markets, we believe the consolidation of our southern california operations under a single umbrella known as thermoview of california will allow stockton replacement windows us to further penetrate replacement one of america''s largest replacement window markets with a unified marketing program and more efficient utilization of assets," observed charles l. smith, chief operating officer of thermoview industries, inc. "in kentucky, we have combined our platform windows company, thermo-tilt window company, with primax window stockton company, replacement and windows and stockton thereby eliminating an entire distribution facility and administrative cost structure in the process." "we are excited to join the thermoview family of companies," stated joel kron, president and chief executive officer of thermo-shield company, inc. "we believe that replacement thermoview''s operating windows philosophy and strategic objectives are consistent with key trends which will determine the future of the replacement window industry. stockton the combination replacement of our companies should benefit thermoview''s windows shareholders and stockton the customers of both organizations."thermoview replacement industries, inc. has acquired or windows merged with 14 companies since it became a publicly-traded company in april 1998. with the addition of thermo-shield''s approximately stockton $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 thermoview''s first twelve months as a public company, and our goals anticipate replacement that annualized revenues should reach or exceed $250 million by the end windows of 1999," concluded hoffmann.
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