Trex Company Announces Agreement with Lowe's Companies
WINCHESTER, Va.--(BUSINESS WIRE)--
Trex Company, Inc. (NYSE: TWP) today announced it has entered into
an agreement with Lowe's Companies, Inc. (NYSE: LOW) to sell Trex(R)
decking and railing products. Beginning in the first quarter of 2007,
selected Trex(R) decking and railing products will be stocked
nationally in Lowe's stores, with the full product line available via
special order through Trex's existing distribution channels.
Chairman and Chief Executive Officer Anthony Cavanna commented,
"Since our inception, Trex Company has been the leader in the
composite decking and railing category. In addition to offering
compelling products that satisfy all segments of the market, our goal
is to make them available at all important locations where consumers
shop for outdoor living products.
"Lowe's, which has more than 1,325 home improvement stores
nationwide, represents an exciting new opportunity for Trex to expand
our presence in the retail channel. It also complements the very
effective professional distribution channel we have developed over the
past 10 years. By being broadly represented in all distribution
channels, we can best continue to expand the market for composite
decking, build awareness of Trex(R) and increase our company's sales."
About Trex Company
Trex Company is the nation's largest manufacturer of composite
decking and railing, with over 14 years of product experience.
Products are marketed under the brand name Trex(R). Made from a unique
formulation of reclaimed wood and plastic, combined through a
proprietary process, Trex decking and railing offer significant design
flexibility with fewer ongoing maintenance requirements than wood. For
more information, visit the Company's website, www.trex.com. Trex(R)
is a trademark of Trex Company, Inc., Winchester, Va.
The statements in this press release regarding the Company's
expected sales performance and operating results, its projections of
net sales, net income, earnings per share and costs, its anticipated
financial condition and its business strategy constitute
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. These statements are subject to risks and uncertainties that
could cause the Company's actual operating results to differ
materially. Such risks and uncertainties include the extent of market
acceptance of the Company's products, the sensitivity of the Company's
business to general economic conditions, the Company's ability to
obtain raw materials at acceptable prices, the Company's ability to
increase production levels to meet increasing demand for its products,
and the highly competitive markets in which the Company operates. The
Company's report on Form 10-K filed with the Securities and Exchange
Commission on March 16, 2006 and its subsequent filings on Form 10-Q
for the first three quarters of 2006 discuss some of the important
factors that could cause the Company's actual results to differ
materially from those expressed or implied in these forward-looking
statements. The Company expressly disclaims any obligation to update
or revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
Source: Trex Company
