Thomas Chieffe Appointed President and Chief Executive Officer of Associated Materials Incorporated

    CUYAHOGA FALLS, Ohio, Aug. 23 /PRNewswire/ -- Associated Materials
 Incorporated ("AMI"), a leading manufacturer and distributor of residential
 building products, announced today that Thomas N. Chieffe has been
 appointed President and Chief Executive Officer effective October 2, 2006.
 Mr. Chieffe will replace Dana Snyder, who has been serving as President and
 Chief Executive Officer for an interim period.
     Mr. Chieffe, age 48, joins Associated Materials from Kraftmaid
 Cabinetry, Inc. where he served as President and Chief Executive Officer.
 Kraftmaid Cabinetry, Inc. is a division of Masco Corporation (NYSE:   MAS), a
 $12.6 billion North American manufacturer of consumer building products for
 both the remodeling and new construction housing markets. Mr. Chieffe has
 over 25 years of experience in various operating disciplines, including
 leadership roles in manufacturing and finance.
     In a joint statement, Chris Stadler, Managing Director of Investcorp
 and Ira Kleinman, Managing Director of Harvest Partners, said, "After our
 thorough search process, we are pleased that Tom has accepted this
 position. At Kraftmaid, Tom drove substantial revenue growth utilizing a
 multiple brand strategy through various distribution channels. He also
 improved profitability by focusing on cost and quality improvement. We are
 confident that Tom's strategic leadership and operating skills will help
 drive improvements in AMI's performance in the future."
     Associated Materials Incorporated is a leading manufacturer of exterior
 residential building products, which are distributed through company-owned
 distribution centers and independent distributors across North America. AMI
 produces a broad range of vinyl windows, vinyl siding, aluminum trim coil,
 aluminum and steel siding and accessories, as well as vinyl fencing and
 railing. AMI is a privately held, wholly-owned subsidiary of Associated
 Materials Holdings Inc., a wholly-owned subsidiary of AMH Holdings, Inc.
 ("AMH"), a wholly-owned subsidiary of AMH Holdings II, Inc., which is
 controlled by affiliates of Investcorp S.A. and Harvest Partners, Inc. For
 more information, please visit the Company's website at
 http://www.associatedmaterials.com.
     Investcorp is a global asset management firm specializing in
 alternative investments with offices in New York, London and Bahrain. The
 firm has four products: private equity, hedge funds, real estate investment
 and venture capital. It was established in 1982 and currently manages total
 investments in alternative assets of around $10 billion. For more
 information on Investcorp please visit www.investcorp.com.
     Harvest Partners is a private equity investment firm with a long track
 record of building value in businesses and generating attractive returns on
 investment. Founded in 1981, Harvest Partners has approximately $1 billion
 of invested capital under management. For more information on Harvest
 Partners please visit its website at http://www.harvpart.com.
     This press release contains certain forward-looking statements (as such
 term is defined in the Private Securities Litigation Reform Act of 1995)
 relating to AMI and AMH that are based on the beliefs of AMI's and AMH's
 management. When used in this press release, the words "may," "will,"
 "should," "expect," "intend," "estimate," "anticipate," "believe,"
 "predict," "potential" or "continue" or similar expressions identify
 forward-looking statements. These statements are subject to certain risks
 and uncertainties. Such statements reflect the current views of AMI's and
 AMH's management. The following factors, and others which are discussed in
 AMI's and AMH's filings with the Securities and Exchange Commission, are
 among those that may cause actual results to differ materially from the
 forward-looking statements: changes in the home building industry, general
 economic conditions, interest rates, foreign currency exchange rates,
 changes in the availability of consumer credit, employment trends, levels
 of consumer confidence, consumer preferences, changes in raw material costs
 and availability, market acceptance of price increases, changes in national
 and regional trends in new housing starts, changes in weather conditions,
 the Company's ability to comply with certain financial covenants in loan
 documents governing its indebtedness, increases in levels of competition
 within its market, availability of alternative building products, increases
 in its level of indebtedness, increases in costs of environmental
 compliance, increase in capital expenditure requirements, potential
 conflict between Alside and Gentek distribution channels, and shifts in
 market demand. Should one or more of these risks or uncertainties
 materialize, or should underlying assumptions or estimates prove incorrect,
 actual results may vary materially from those described herein as expected,
 intended, estimated, anticipated, believed or predicted. We undertake no
 obligation to update or revise any forward-looking statements, whether as a
 result of new information, future events or otherwise.
 
 

SOURCE Associated Materials Incorporated