Masonry Magazine September 2007 Page. 56
News
Rich Aaronson, mechanical engineering from the University of Pennsylvania, and a master's degree in business administration from the Kellogg School of Management at Northwestern University.
Arriscraft International
Approved for Sale to General Shale Brick
Goldsmith Agio Helms announced that the sale by its client, Arriscraft International Income Fund, of its underlying Arriscraft International manufactured stone, brick and natural stone masonry products business, has been approved by the its unit holders. Under the terms of the transaction, which was approved by more than 87 percent of voting unit holders, General Shale Brick Inc. will indirectly acquire the Fund's wholly-owned subsidiaries, Arriscraft International Limited Partnership and Arriscraft International Holdings (Canada) Inc., which respectively operate and hold the Arriscraft International business in Canada and the United States, for C$107 million plus an adjustment for non-cash working capital. Goldsmith Agio Helms, a leading investment bank to the middle market, facilitated the sale on behalf of Arriscraft.
The Fund manufactures stone products that replicate the physical properties of real stone while providing for more easy and cost-effective installation and use. General Shale manufactures and markets brick and stone products throughout the United States and is a wholly-owned subsidiary of Wienerberger AG, the largest brick company in the world. The sale closed on July 20, 2007.
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54 Masonry
Grace Construction's Perm-A-Barrier Passes ASTM Testing
Grace Construction Products, a worldwide leader in products for the construction industry, has successfully completed independent testing on its Perm-A-Barrier air barriers in accordance with the new ASTM E 2357 Standard Test Method for Determining Air Leakage of Air Barrier Assemblies. In addition, Grace announced that voluntary additional testing of air barrier assemblies constructed with its Perm-A-Barrier air barrier products yielded results that surpass requirements of the new ASTM standard, as well as other respected industry specifications. Grace's air barrier products tested include Perm A-Barrier Liquid, Perm-A-Barrier VP and Perm-A-Barrier Wall Membrane.
The new ASTM standard provides, for the first time, a uniform method to evaluate a full air barrier assembly. Prior to its development, components of the air barrier assembly such as the air barrier material, flashing material and sealing materials - were evaluated separately. In addition, this new testing method incorporates wind loads that push and pull on the air barrier assemblies, exposing weak areas that could leak air an advancement from previous test methods.
The ASTM E 2357 test entails installing a full air barrier assembly onto an eight-foot by eight-foot mock-up of an exterior wall assembly. To make the test as realistic as possible, the mock-up includes such features as a tie-in to a foundation wall, tie in to a roof, duct and pipe penetrants, electrical outlet penetrants, a window opening, and post-applied brick ties. All these conditions must be sealed and flashed to the air barrier assembly to withstand positive and negative sustained wind and wind gust loading simulating real-world, in place conditions.
With test results of <0.0008 cfm/ft2 (0.004L/sm2), Grace's Perm-A-Barrier Liquid, Perm-A-Barrier VP and Perm-A-Barrier Wall Membrane all achieved air leakage rates below the detectable limits of the test laboratories' equipment and are 50 times below the allowable air leakage rates specified by the Air Barrier Association of America (ABAA) and a proposed revision to ASHRAE 90.1 of 0.04 cfm/ft2 (0.2 L/sm2).
After successfully completing the ASTM E 2357 testing on the air barri-
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September 2007 www.masoncontractors.org
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