ALENCO Acquires Reliant Assets

Apr 17, 2001, 01:00 ET from Alenco Holding Corporation

    BRYAN, Texas, April 17 /PRNewswire/ -- Alenco Holding Corporation
 (ALENCO), a Delaware corporation, formed by an investor group led by Equus II
 Incorporated (NYSE:   EQS) of Houston, Texas, has purchased the assets of
 Reliant Building Products, Inc. (RBPI) of Dallas, Texas on Friday, April 13,
 2001 pursuant to a Plan of Reorganization confirmed in the Bankruptcy Court
 for the Northern District of Texas.  The assets purchased include the window
 manufacturing facilities in Bryan, Texas, Gallatin, Tennessee, and Peachtree
 City, Georgia; the aluminum extrusion facility in Bryan, Texas; the vinyl
 extrusion facility in Peachtree City, Georgia; and the distribution facilities
 in Dallas, Texas, Phoenix, Arizona, Las Vegas, Nevada, and Ontario,
 California.  The Equus led investor group and Foothill Capital Corporation
 (Foothill) of Santa Monica, California financed the asset purchase.  Foothill
 is also providing ALENCO with working capital through a revolving line of
 credit.
     RBPI, formed through acquisitions of Redman Building Products, Inc.
 (Redman) and Care Free Window Products, Inc. (Care Free) in January of 1998,
 filed for protection under Chapter 11 of the US Bankruptcy laws on July 11,
 2000.  While in bankruptcy in 2000, RBPI sold its manufacturing facilities in
 Bothel, Washington, Charlotte, Michigan, and Asheville, North Carolina and
 closed manufacturing facilities in Hackensack, New Jersey and Fresno,
 California.  RBPI, through its predecessors, has manufactured residential
 windows since the 1950s, and was the largest aluminum and vinyl window
 manufacturer in the United States for a short time after the merger of Redman
 and CareFree.
     The manufacturing facilities purchased by ALENCO were the core plants of
 Redman as the company existed before the Care Free merger. These plants
 provided years of sales and income growth and were the leading window
 manufacturers in their markets.  Brian Redpath, CEO and President of Alenco
 said "It is the goal of ALENCO and its employees to provide value to its
 customers, a significant return to its shareholders, and to regain the
 leadership in its markets."
 
     This release contains statements relating to future results of the Company
 (including certain projections and business trends) that are "forward-looking
 statements" as defined in the Private Securities Litigation Reform Act of
 1995.  Actual results may differ materially from those projected as a result
 of certain risks and uncertainties.
 
 

SOURCE Alenco Holding Corporation
    BRYAN, Texas, April 17 /PRNewswire/ -- Alenco Holding Corporation
 (ALENCO), a Delaware corporation, formed by an investor group led by Equus II
 Incorporated (NYSE:   EQS) of Houston, Texas, has purchased the assets of
 Reliant Building Products, Inc. (RBPI) of Dallas, Texas on Friday, April 13,
 2001 pursuant to a Plan of Reorganization confirmed in the Bankruptcy Court
 for the Northern District of Texas.  The assets purchased include the window
 manufacturing facilities in Bryan, Texas, Gallatin, Tennessee, and Peachtree
 City, Georgia; the aluminum extrusion facility in Bryan, Texas; the vinyl
 extrusion facility in Peachtree City, Georgia; and the distribution facilities
 in Dallas, Texas, Phoenix, Arizona, Las Vegas, Nevada, and Ontario,
 California.  The Equus led investor group and Foothill Capital Corporation
 (Foothill) of Santa Monica, California financed the asset purchase.  Foothill
 is also providing ALENCO with working capital through a revolving line of
 credit.
     RBPI, formed through acquisitions of Redman Building Products, Inc.
 (Redman) and Care Free Window Products, Inc. (Care Free) in January of 1998,
 filed for protection under Chapter 11 of the US Bankruptcy laws on July 11,
 2000.  While in bankruptcy in 2000, RBPI sold its manufacturing facilities in
 Bothel, Washington, Charlotte, Michigan, and Asheville, North Carolina and
 closed manufacturing facilities in Hackensack, New Jersey and Fresno,
 California.  RBPI, through its predecessors, has manufactured residential
 windows since the 1950s, and was the largest aluminum and vinyl window
 manufacturer in the United States for a short time after the merger of Redman
 and CareFree.
     The manufacturing facilities purchased by ALENCO were the core plants of
 Redman as the company existed before the Care Free merger. These plants
 provided years of sales and income growth and were the leading window
 manufacturers in their markets.  Brian Redpath, CEO and President of Alenco
 said "It is the goal of ALENCO and its employees to provide value to its
 customers, a significant return to its shareholders, and to regain the
 leadership in its markets."
 
     This release contains statements relating to future results of the Company
 (including certain projections and business trends) that are "forward-looking
 statements" as defined in the Private Securities Litigation Reform Act of
 1995.  Actual results may differ materially from those projected as a result
 of certain risks and uncertainties.
 
 SOURCE  Alenco Holding Corporation