February 01, 2015 11:51 AM ET

Building Products

Company Overview of Johns Manville Corporation

Company Overview

Johns Manville Corporation manufactures and markets building and mechanical insulation, commercial roofing, glass fiber, and nonwoven materials for commercial, industrial, and residential applications. The company offers home insulation solutions, including attic, basement, bathroom, bedroom, crawl space, garage, home office, home theater, kitchen, and laundry room insulation, as well as insulating for baby's room; and building insulation, commercial roofing, industrial insulation, HVAC insulation, mechanical insulation, and wall covering products. It also provides fibers, nonwovens, and OEM insulation solutions. The company serves aerospace, automotive and transportation, air handling, appl...

717 17th Street

Denver, CO 80202

United States

Founded in 1858

9,740 Employees

Phone:

303-978-2000

Fax:

303-978-2318

Key Executives for Johns Manville Corporation

Chairman
Age: 55
Chief Financial Officer and Senior Vice President
Age: 53
Vice President of Operations
Age: 60
Chairman of ATI
Age: 58
Chairman of Berkshire Hathaway Company and Chief Executive Officer of Berkshire Hathaway Company
Age: 84
Compensation as of Fiscal Year 2014.

Johns Manville Corporation Key Developments

Johns Manville Launches JM Spider Plus Blow-In Insulation

Johns Manville announced the launch of JM Spider Plus blow-in insulation, a re-engineered blow-in system and the latest addition to the industry’s most complete line of insulation products. JM Spider Plus replaces JM Spider spray-in fiber glass insulation and is ideal for residential, commercial and manufactured buildings. JM Spider Plus is designed for installation by professionals using a blowing wool machine and features “Interlocking Fiber Technology,” JM’s latest building science innovation. Interlocking Fiber Technology allows the insulation fibers to spring and lock into cavities with no adhesive or netting. JM Spider Plus achieves an R-value of 15 in a 2x4 cavity and an R-23 in 2x6 walls. Additional performance advantages include: Smart engineering: Interlocking Fiber Technology expands into wall and overhead cavities, filling gaps and voids, and creating a shield against elements to achieve Grade 1 installation Flexible installation: Installs and dries quickly for same-day drywall installation – saving time and money Clean: Minimal dust and easy clean up on jobsites compared to other spray-in systems. JM Spider Plus is available to customers in North America immediately.

Johns Manville Appoints Mary Rhinehart as Chairman

Johns Manville announced that Mary Rhinehart has been named Chairman of the company. Rhinehart was appointed as JM President and Chief Executive Officer in November 2012. Warren Buffett, Chairman and Chief Executive Officer of Berkshire Hathaway, selected Rhinehart for this additional role due to her diligent leadership of JM. Rhinehart has held a variety of roles during her 35-year career, including as general manager of several Johns Manville business units. Before being named CEO, she was Chief Financial Officer, providing her breadth of experience in all financial operations of the company, including M&A.

Johns Manville to Merge American, European and Asian Activities for Engineered Products into One Global Business Unit; Appoints Enno Henze to Lead Newly Created Engineered Products Business as Senior Vice President and General Manager

Johns Manville announced they would merge their American, European and Asian activities for Engineered Products into one global business unit. JM's Engineered Products business manufactures and markets premium-quality glass and polyester nonwoven products for the building and construction industry, filtration and battery separation media, reinforcement glass fibers for composites and specialty industrial glass products. The reorganization enhances the organization's ability to serve increasingly global needs in the composites, filtration and energy storage markets. Previously, JM operated two Engineered Products business units: one for the Americas and one for Europe and Asia. The realignment keeps some of the regional components, mostly within the nonwovens business, while the composites, filtration and energy storage businesses will be managed more globally. Henze will relocate to JM's global headquarters in Denver from Germany to lead the Engineered Products business. Enno Henze, who is responsible for JM's nonwovens, fibers and glass textiles businesses in Europe, as well as its nonwovens business in China, will lead the newly created Engineered Products business as Senior Vice President and General Manager.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 18, 2014
Johns Manville AB
 

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