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EXHIBIT 99.1
PRESS RELEASE OF ATRIUM COMPANIES, INC. DATED JANUARY 4, 2001
Contact: Jeff Hull
CEO and President
Atrium Companies, Inc.
(214) 630-5757
ATRIUM COMPANIES, INC. ANNOUNCES MANAGEMENT CHANGES
DALLAS, Jan. 4 /PRNewswire/ -- Atrium Companies, Inc. ("Atrium"),
today announced the appointments and changes of various management positions.
These positions include Jeff L. Hull as President and Chief Executive Officer,
C. Douglas Cross as Chief Operating Officer of Vinyl Operations, Robert E.
Burns as Chief Operating Officer of Aluminum Operations, and Eric W. Long as
Chief Financial Officer.
Mr. Hull, who joined Atrium in 1996 as Chief Financial Officer and was
appointed President in 1999, adds the title of Chief Executive Officer. Frank
Sheeder has resigned his position as Chief Executive Officer and Director and
is leaving the Company effective December 31, 2000. Mr. Sheeder was
instrumental in shepherding Atrium through the restructuring and recent
divestiture of the company's Wing Industries, Inc. subsidiary and Atrium Wood
division. Following this, Mr. Sheeder has decided to pursue other interests.
Mr. Cross, who has been the President of Atrium's recently acquired
Ellison Window and Door division for eighteen years, will be responsible for
Atrium's nine vinyl window manufacturing operations and three vinyl extrusion
operations located across the United States.
As Chief Operating Officer of Aluminum Operations, Mr. Burns will be
responsible for Atrium's three aluminum window manufacturing operations and
one aluminum extrusion operation in Texas and its aluminum window
manufacturing operation in Arizona. Prior to joining Atrium in February 2000,
Mr. Burns had been Vice President of Operations for Masco's Baldwin Hardware
division since 1996.
Mr. Long, who joined Atrium in 1996, will assume the duties and
responsibilities of Chief Financial Officer in addition to his previous
oversight of Atrium's accounting and finance functions. Mr. Long most recently
served as Atrium's Vice President of Finance reporting directly to Jeff Hull.
Prior to joining Atrium, Mr. Long was a financial analyst at Applebees
International, having begun his career in the audit practice of Deloitte &
Touche.
"Atrium has been very active in consolidating the highly-fragmented window
industry," notes Chairman Daniel T. Morley, Managing Director of Ardshiel,
Inc., one of Atrium's equity sponsors. "These appointments acknowledge the
contributions each person has made to Atrium in the past, and establish a deep
management team to direct Atrium for the future. We are excited about the
prospects Atrium has identified and believe this team has the experience and
commitment to continue Atrium's impressive performance."
Atrium, based in Dallas, is the largest non-wood window manufacturer in
the United States based on projected pro forma revenues over $500 million for
fiscal 2000. Atrium has more than 4,000 employees, with over 50 facilities in
25 states.
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Statements in this press release, other than statements of historical
information, are forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that forward-looking statements are inherently
uncertain. Actual performance and results may differ materially from those
projected or suggested herein due to certain risks and uncertainties
including, without limitation, the risks associated with the ability to
consummate the transactions set forth above, as well as operating risks. Those
and other risks are described in Atrium's filings with the Securities and
Exchange Commission (the "SEC") made over the last 12 months, copies of which
are available from the SEC or may be obtained upon request from Atrium.
