Construction/Building — November 16, 2012

PFB Corporation and NOVA Chemicals Corporation Terminate Letter of Intent for Acquisition of Nova Chemicals' Performance Styrenics Business

CALGARY, ALBERTA--(Marketwire - Nov. 16, 2012) - PFB Corporation (TSX:PFB) ("PFB") announces that it has agreed with Nova Chemicals Corporation ("NOVA Chemicals") to terminate their letter of intent whereby PFB would acquire NOVA Chemicals' Performance Styrenics business, including the expandable polystyrene ("EPS") and ARCEL® resin products.

PFB and NOVA Chemicals have been unable to execute definitive agreements in accordance with the terms of the Letter of Intent.

About PFB

PFB Corporation is a vertically integrated manufacturer of insulating building products that are marketed across North America under five brands. Plasti-Fab, EPS Product Solutions® are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems® are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. Insulspan® Structural Insulating Panels Systems (SIPS) are used to create structural walls and to replace trusses on roof systems to form an energy-efficient structural envelope. PFB Custom Homes Group includes Riverbend® Timber Framing, PrecisionCraft® Log &Timber Homes, Point Zero™ Homes and M.T.N Architects. Each brand provides clients with our exclusive Total Home Solution® for building custom homes in the US, Canada and internationally that can include Insulspan SIPS for the walls and roof, and Advantage ICFS for the building's foundations.

PFB Corporation is listed for trading on the Toronto Stock Exchange, symbol PFB.

Contact Information

PFB Corporation
Stephen P. Hardy
Vice President & CFO
(403) 569 4303
(403) 569 4075 (FAX)

PFB Corporation
100, 2886 Sunridge Way NE
Calgary, Alberta T1Y 7H9

Print

Latest Industry Press Releases

Updated 11:50 EDT, April 16, 2014  

Construction/Building

Scotiabank: Canada's Housing Market Transitioning to Slower Growth (2014-04-16)

Greater Toronto Realtors(R) Report Q1 Condominium Market Statistics (2014-04-15)

Greater Toronto Realtors(R) Report Q1 Rental Market Statistics (2014-04-15)

Artis Real Estate Investment Trust Announces Quarterly Cash Distribution (2014-04-15)

Artis Real Estate Investment Trust Announces Monthly Cash Distribution (2014-04-15)

Media Advisory: Scotiabank Real Estate Market Outlook Conference (2014-04-15)

Governments of Canada and New Brunswick Celebrate New Affordable Housing in Saint John (2014-04-14)

De nouveaux logements abordables ouvrent leurs portes Ă  Regina (2014-04-14)

New Affordable Housing Open in Regina (2014-04-14)

Innovative Composites International Inc. Announces Closing of Debenture Offering (2014-04-14)

Avis aux médias : De nouveaux logements locatifs abordables ouvrent leurs portes à Regina (2014-04-11)

Media Advisory: New Affordable Rental Housing Opens in Regina (2014-04-11)

Media Advisory: Canada Mortgage and Housing Corporation (2014-04-11)

Toromont to Announce First Quarter 2014 Results on April 24 (2014-04-11)

Nouvelle maison d'hébergement d'urgence à Melfort (2014-04-11)

New Emergency Shelter in Melfort (2014-04-11)

Lamb Development Corp. Announces the Release of Their Latest Development, The Harlowe (2014-04-10)

Delavaco Residential Properties Corp. Begins Trading on OTCQX (2014-04-10)

Avis aux médias : Nouvelle maison d'hébergement d'urgence à Melfort (2014-04-10)

Media Advisory: New Emergency Shelter in Melfort (2014-04-10)

Superior Plus Announces April 2014 Cash Dividend and Upcoming Events (2014-04-10)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 415 projects with a total value of $3,354,507,550 that Reed Construction Data Building Reports reported on Tuesday.

HOSPITAL ADDN/ALTS

$200,000,000 Milton ON Tenders

HOTEL

$55,000,000 Ottawa ON Negotiated

SOLAR FARM

$30,000,000 Lennox and Addington Co ON Negotiated

Daily Top 10