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Variform buys building from W.Va.

May 10, 1997

By DAVE McMILLION

Staff Writer, Martinsburg

MARTINSBURG, W.Va. - Officials said the Variform Inc. vinyl siding plant confirmed its commitment to the Eastern Panhandle Friday by purchasing the building from the state.

When the company moved to Martinsburg 10 years ago, the West Virginia Economic Development Authority purchased the property off Charles Town Road where the factory is located and then leased it back to Variform, officials said.

Now Variform has exercised an option to purchase the plant from the state for $2.7 million.

Gov. Cecil Underwood and other officials came to the plant Friday to congratulate the company on its purchase. Underwood said the company's decision to purchase the factory shows they are "happy with what they've found here."

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"This long-term relationship is an excellent example of the benefits to be derived by public-private partnerships," said Underwood.

Variform, which employs about 215 people, makes residential vinyl siding, mostly for the Georgia-Pacific Corp.

Variform opened a new plant in Martinsburg because of growth in its business and the need for more production capacity, said Lee Meyer, senior vice president and general manager of the plant. Variform is the third largest manufacturer of vinyl siding, and is traded on the New York Stock Exchange.

The company operates two other plants in Jasper, Tenn., and Kearney, Mo.

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