The CertainTeed fiber cement siding plants in Roaring River and two other locations have been sold to Plycem USA Inc., a subsidiary of Mexico-based Elementia.
Construction materials maker Saint-Gobain SA, based in Paris, France, announced in December that it had agreed to sell its three CertainTeed plants to Plycem to focus on vinyl and polymer siding, as well as on emerging markets.
The plant in Roaring River employs 125 people and manufactures exterior fiber cement siding products that include lap siding, vertical panels, soffit products and trim and fascia.
The other two CertainTeed plants are in Terre Haute, Ind. and White City, Ore. CertainTeed is based in Valley Forge, Penn., and Plycem is based in Alpharetta, Ga.
Saint-Gobain and Plycem haven’t disclosed any of the deal’s financial details, but Wilkes Register of Deeds records show Plycem bought CertainTeed Corp.’s 25.85 acres and easements on ABTco Road in Roaring River for about $5 million. This includes the 277,500-square-foot fiber cement manufacturing plant.
The deed and other records filed Feb. 4 at the Wilkes Register of Deeds only reflect what was paid for the land and buildings, which have a county tax value of $5.10 million. The plant’s manufacturing equipment has a county tax value of $16.22 million.
The county tax office billed CertainTeed $120,685 in business personal property taxes and $38,277 in real property taxes this year.
The CertainTeed plant in Roaring River employed about 75 people in October 2011 when CertainTeed entered into an economic incentive agreement with Wilkes County and state governments and the Wilkes Economic Development Corp. (EDC).
CertainTeed agreed to add 28 jobs with an average annual salary of $42,741 at the Roaring River plant in return for getting $58,000 from county government, $40,000 from the EDC and a One North Carolina fund grant of $98,000 from the N.C. Department of Commerce.
The agreement didn’t require that CertainTeed invest any certain amount, but the new jobs were part of a $2.7 million investment at the Roaring River plant that included adding a paint line for work traditionally done by third party vendors.
County officials said CertainTeed considered adding the paint line to a plant in the Pacific Northwest but chose the Roaring River plant instead. A CertainTeed official said the new paint line would improve product value for CertainTeed customers and save the company money.
The plant makes a siding product called WeatherBoard that CertainTeed officials said is non-combustible, impact-resistant, impervious to wood boring insects, resistant to UV rays and won’t rot.
The agreement called for 21 of the new jobs to be added by Dec. 31, 2012, and the other seven to be added by Dec. 31, 2013.
It called for CertainTeed to receive portions of the incentive funds from county and state governments and the EDC by certain dates, but an EDC spokesman said none of the funds have been allocated yet because paperwork with the One North Carolina fund hasn’t been completed.
Also under the agreement, CertainTeed’s failure to maintain all 28 of the new jobs for certain lengths of time would result in county government and the EDC demanding repayment of pro rata portions of their incentive payments, based on how long the new jobs existed.
The CertainTeed deal was county government’s first incentive agreement attached solely to adding jobs. It was done this way because One North Carolina fund grants are only based on new jobs.