Category Archives: Johns Manville

Johns Manville Appoints New President for Insulation Systems Business

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Berkshire Hathaway’s Johns Manville has announced that Greg Clarke will become President of the company’s Insulation Systems business, effective Sept. 1, 2020.

Clarke will succeed Bob Wamboldt, who will be JM’s next President and CEO.

Mary Rhinehart, the company’s current Chairman, President and CEO, will retain the role of Chairman.

“Greg is a trusted business partner and a critical member of JM’s leadership team,” Rhinehart said. “He brings a broad base of JM knowledge and experience to this new role and we are confident our Insulation Systems business will continue to succeed under his leadership.”

Clarke was named JM’s Senior Vice President and Chief Financial Officer when he rejoined the company in 2013. In this role, he led JM’s finance organization, global procurement and logistics operations, and corporate development activities. He previously worked for Johns Manville from 1997 to 2002 and was Vice President and General Manager of the company’s Building Insulation and Commercial & Industrial Insulation divisions.

“Greg and I have worked well together over the last seven years, and I look forward to continuing this relationship as he transitions into his new role,” Wamboldt said.

Before returning to Johns Manville, Clarke was Chief Financial Officer and a Director at AeroGrow International Inc., an early-stage consumer products company, and President and CEO at Ankmar, LLC, a building products company. Earlier in his career, he held finance leadership and strategic planning roles at PepsiCo Inc. and The Coleman Company Inc.

“I’m excited about the opportunity to get back to our Insulation Systems business,” Clarke said. “We have an outstanding team and a strong market presence with the most complete line of insulation solutions for commercial, residential, OEM and industrial applications. I know there is a compelling future ahead for the business and I look forward to helping to achieve that vision.”

Clarke earned a bachelor’s degree in economics from Amherst College and an MBA from Columbia University Graduate School of Business. He serves on the AeroGrow Board of Directors and is a member of the Board of Alumni and Friends of the Leeds School of Business at the University of Colorado. He and his family live in Denver.

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville To Have New President & CEO

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Berkshire Hathaway’s Johns Manville has announced that Bob Wamboldt will become President and CEO on Sept. 1, 2020.

Mary Rhinehart, the company’s current Chairman, President and CEO, will retain the role of Chairman.

Wamboldt joined Johns Manville in 2003 and became President of JM’s Insulation Systems business in February 2017. He earlier led the Engineered Products North America and Roofing Systems businesses at JM. Wamboldt is also Chairman of the North American Insulation Manufacturers Association and previously served as president of the Asphalt Roofing Manufacturers Association.

“I have been privileged to lead each of our businesses and learn first-hand the strength of the Johns Manville customer relationships, products, technologies and people,” Wamboldt said. “I look forward to working with the JM team and our customers to make the company even stronger in the global markets we serve. I also want to thank Mary for her leadership and guidance over the years and know I will benefit from her continued support as Chairman.”

Before joining Johns Manville, Wamboldt worked 16 years at PPG Industries Inc., where he held a variety of positions in the company’s Fiber Glass and Coatings divisions. He earned a bachelor’s degree in chemistry from Lehigh University. He and his wife live in Denver.

Rhinehart became Johns Manville’s President and CEO in 2012 and assumed the additional role of Chairman in 2014. Before becoming President and CEO, she was the company’s Chief Financial Officer for eight years. During her more than 40 years with Johns Manville, she also held leadership roles in treasury, supply chain, M&A and human resources, and she managed several of the company’s business units.

“I am immensely proud of JM’s employees and all we have accomplished together,” Rhinehart said. “Johns Manville is an important part of my life, and its continued success is my top priority as we transition to new leadership. I am pleased to hand the company over to such an accomplished JM executive as Bob and am confident he and our 8,000 employees around the world will continue to build on JM’s 162-year track record of success.”

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville Producing Nonwoven Fabric for Medical Gowns

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Berkshire Hathaway’s Johns Manville plant in Spartanburg, South Carolina, started production this month to make nonwoven fabric that will be used for manufacturing of urgently needed disposable medical gowns used in the fight against the spread of COVID-19.

“There is a desperate need in North America and in Europe for medical gowns,” said John Vasuta, President of Johns Manville’s Engineered Products business. “Our teams are working quickly to create solutions and manufacture a new coated polyester spunbond nonwoven fabric. We are going through unprecedented times – so every step to support health care workers and others on the front lines helps right now.”

This is the second move by Johns Manville to quickly develop and launch a product that can improve the safety of people in potential direct contact with the COVID-19 virus. In April, production started in Richland, Mississippi, of nonwoven media for the manufacturing of face masks.

“Given the urgent need for action,” Vasuta said, “we quickly decided to build on our own capabilities and develop a coated product to supply the domestic medical gown manufacturing industry.”

The new polyester spunbond nonwoven is designed for the production of Level 3 medical gowns. “The fabric offers superior liquid barrier performance compared to materials used for Level 1 and Level 2 medical gowns, while also providing comfort and stitch-strength,” said Souvik Nandi, Director Nonwovens Technology at Johns Manville Engineered Products.

The JM plant in Spartanburg employs 100 people and produces a variety of polyester nonwoven products for the use in mainly filtration, roofing and specialty applications using JM’s proprietary spunbond technology. Johns Manville operates a multitude of polyester spunbond lines across the globe with a distinct customer and market focus.

The new fabric is formally known as Evalith® 017/120H3 and is a coated continuous filament, calendared polyester nonwoven. It meets the requirements for a Level 3 medical gown as established by ANSI/AAMI PB70:2012 Liquid barrier performance and classification of protective apparel and drapes intended for use in health care facilities. Per this standard, the material was tested to AATCC 42-2017 Water Resistance: Impact Penetration Test and AATCC 127-2017 Water Resistance: Hydrostatic Pressure Test. Additionally, Evalith 017/120H3 has been tested to and meets the flammability standard per 16 CFR Part 1610 Class 1, according to the U.S. Food and Drug Administration policy and guidance.

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville Producing Nonwoven Media for Face Masks

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Berkshire Hathaway’s Johns Manville, a leading manufacturer and marketer of premium-quality building and specialty products, started production this month to make nonwoven filtration media that will be used to create needed face masks to help stop the spread of COVID-19. The filtration media is being produced at its plant in Richland, Mississippi.

“Johns Manville is in a unique position to serve a market that is fulfilling a great need across the world,” said Mary Rhinehart, President and CEO of Johns Manville. “We are proud of our teams in Richland and throughout JM for finding new ways to support the communities and people who are on the front lines of this global crisis.”

Most nonwoven production of face masks was abandoned in the U.S. many years ago and moved to Asia. Given the shortage of face masks in the U.S. and Europe, JM’s Engineered Products business decided to build on its existing capabilities and help fill the market demand.

“Our high-performance nonwoven material is designed to provide high levels of filtration for various types of face masks,” said John Vasuta, President of JM’s Engineered Products business.

JM media meets or exceeds Level 1 BFE 95% (Bacterial Filtration Efficiency) and VFE (Viral Filtration Efficiency) requirements. These results were verified by an FDA-registered national laboratory.

The JM plant in Richland employs about 50 people and produces a variety of filtration products for various air and liquid applications using polypropylene and polyester meltblown technology. Richland’s meltblown filtration media can be found in numerous industrial, automotive, consumer products and FDA-approved food and healthcare applications.

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville to Build Polyiso Production Plant in Texas

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Johns Manville, a global building and specialty products manufacturer that is a Berkshire Hathaway company, plans to build a polyiso production plant in Hillsboro, Texas.

“We take great pride in creating and delivering the best products for our customers,” said Mary Rhinehart, President and CEO of Johns Manville. “This expansion south of Dallas/Fort Worth, in an area where construction is surging, will increase availability of our premium products to customers throughout the region.”

JM will begin construction on the new production facility later this year, pending various government approvals, and anticipates the completion in mid-2021. When complete, JM will employ more than 50 people at the new facility.

“There are tremendous growth opportunities in the Southwest for polyiso products,” said Joe Smith, President of JM’s Roofing Systems business. “Three of the 10 largest cities in the country are a short drive from Hillsboro, and some of our largest roofing contractors are located within the service area.”

The Hillsboro plant will manufacture polyiso products including ENRGY 3® roof insulation, ProtectoR® HD high density cover board, AP® Foil Faced Foam sheathing and GoBoard® tile backer. These polyiso products are preferred in the market due to their high R-value per inch and the lightweight strength and durability they offer for several building applications.

The Hillsboro facility will also include a JM roofing distribution center. The warehouse will stock many JM products, including TPO and TPO accessories, to help JM meet local demand.

“We are excited to build in an area close to our customers and where we can hire good people into the JM family to help our customers be successful,” said Matt Sayer, Polyiso and Boards Product Manager for JM. “Johns Manville will be well-positioned with this expansion to increase product supply to meet the growing demand from our customers.”
Local officials welcomed JM’s decision to expand in Hillsboro.

“Johns Manville is an important addition to the manufacturing and industrial base in Hillsboro,” said Hillsboro City Manager Frank Johnson. “Johns Manville has a long-term, stable national and international presence and is known to be a good corporate citizen. We are excited to have them become part of our community.”

© 2020 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville Acquiring ITW Insulation Systems

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Berkshire Hathaway’s Johns Manville has signed an agreement to acquire ITW Insulation Systems, a business owned by Illinois Tool Works Inc. that is well known in the industrial industry for its premium, low-temperature polyisocyanurate foam insulations and metal jacketing solutions.

ITW Insulation Systems has been a division of Illinois Tool Works Inc.

The deal is expected to close in early December.

“The acquisition of ITW Insulation Systems represents an important strategic opportunity to offer expanded insulation solutions to the industrial market,” said JM President and CEO Mary Rhinehart. “This will give us greater versatility and allow JM’s Insulation Systems business to continue to offer a robust and well-rounded portfolio of insulation solutions.”

ITW Insulation Systems has 100 employees who work at four manufacturing plants in the U.S. and Canada (Houston, Texas; La Porte, Texas; Edmonton, Alberta; and Mississauga, Ontario).

ITW Insulation Systems’ primary markets include refining, petrochemical, power, LNG, food & beverage, oil sands and other energy applications.

“There is substantial growth occurring in the cold and cryogenic markets,” said Bob Wamboldt, President of JM’s Insulation Systems business. “We wanted to participate more actively in this space and the product portfolio offered by ITW Insulation Systems allows us to do exactly that.”

JM plans to integrate ITW Insulation Systems as a key part of its industrial insulation portfolio without making significant changes to the existing operations at ITW Insulation Systems.

“JM’s Industrial Insulation business is a market leader, producing the broadest product portfolio of any manufacturer in the industrial insulation industry,” said Dave Skelly, General Manager of Performance Materials at JM. “Historically, this has included high-temperature calcium silicate, expanded perlite, mineral wool, microporous blankets and silica aerogel, and now, with the addition of ITW Insulation Systems, our portfolio includes both low-temperature polyisocyanurate foams and metal jacketing. These additions make our industrial insulation portfolio incredibly robust and allow us to be a single source for our customers’ insulation and jacketing needs.”

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville Awarded 2018 “Partner of Choice” from David Weekley Homes

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Johns Manville, a Berkshire Hathaway company and leading building products manufacturer, was honored as a 2018 “Partner of Choice” by David Weekley Homes, the nation’s largest privately-held residential homebuilder.

This is the sixth year that Johns Manville has been awarded this honor since 2011.

“We’re honored to be recognized by David Weekley Homes for our product quality and service, an effort our employees strive to deliver each day,” said Tommy Knappich, vice president and general manager of Building Insulation at Johns Manville. “We value our partnership with David Weekley Homes and look forward to continuing to work together to fulfill our shared goals and match the evolving needs of customers.”

David Weekley Homes launched the supplier evaluation system and “Partner of Choice” award in 2004 for its over 100 National Trading Partners across a range of industries with the goal of delivering the best possible service to homebuyers. The survey gauges customer feedback on supplier performance in the categories of product quality and service. Results of the unique evaluation system allow David Weekley Homes to analyze performance, provide specific feedback to suppliers and recognize performance, in turn helping the company achieve its goal of working in harmony to deliver solutions to customers.

“Our in-depth survey process helps us select the strongest companies to assist us in delivering an unequaled experience for our homebuyers, and Johns Manville has met that challenge head on,” said John Schiegg, director of supply chain services at David Weekley Homes. “Our goal is to deliver the best in design, choice and service to our customers, and our National Trading Partners play a vital role in helping us fulfill that goal with each and every homebuyer.”

© 2019 David Mazor


Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville Picks Kansas for New Climate Pro Production Line

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Johns Manville (JM), a global building and specialty products manufacturer and a Berkshire Hathaway Company, announced today a new Climate Pro® blowing wool production line will be built in McPherson, Kansas.

“Climate Pro insulation is a preferred solution for many contractors and distributors,” said Mary Rhinehart, President and CEO of Johns Manville. “The production expansion at our plant in McPherson will help us meet current and future market demand for blowing wool.”

JM will begin construction on the expansion project later this year, pending various governmental approvals, and anticipates the completion in early 2021. When complete, JM will employ more than 330 people in McPherson.

“Our central location in McPherson gives us easy access to many markets and positions Johns Manville to offer more of this premium product to our customers,” said Bob Wamboldt, President of JM’s Insulation Systems business.

Climate Pro® blow-in fiberglass insulation fills those hard-to-reach cavities and corners while offering more consistent coverage – resulting in a more comfortable, energy-efficient home. It offers a range of R-values and is quick for professionals to install.

“Johns Manville is proud to be part of this community and we are eager to add people to our team,” said Mindy Lanning, Plant Manager in McPherson. “We will be hiring operators, maintenance technicians and warehouse employees. As part of our team, employees enjoy the stability of an established company and a strong family-like environment. We offer competitive hourly rates and training opportunities to learn new roles and develop new skills.”

Local and state officials applauded JM’s decision to expand in McPherson:

“Advanced manufacturing is a staple of McPherson,” Kansas Secretary of Commerce David Toland said. “The community houses a significant number of innovative, progressive manufacturing companies pushing the envelope in their industry. It is clear that Johns Manville has chosen the right location for its expansion.”

“This project is an important step forward in the McPherson manufacturing market. Johns Manville is an important corporate citizen in our community,” said McPherson Mayor Tom Brown.

“What an exciting win for McPherson, Kansas! We are grateful to our partners at the Kansas Department of Commerce for coming along side us to get this deal done. We are honored to have JM continue to invest and grow in our community,” said Kasi Morales, Executive Director of the McPherson Industrial Development Company.

© 2019 David Mazor


Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville Names John Vasuta President of Engineered Products business

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Berkshire Hathaway’s Johns Manville, a leading manufacturer and marketer of premium-quality building and specialty products has announced John Vasuta is the new President of the company’s Engineered Products business.

“John is an accomplished leader and a welcome addition to JM’s leadership team,” said Mary Rhinehart, JM’s President and CEO. “He brings to JM a proven track record of successfully growing businesses and global commercial leadership.”

Vasuta will lead a global business that manufactures premium-quality glass fiber nonwovens, polyester spunbonds and glass fibers for the building and construction industry, as well as for automotive, industrial and residential applications.

JM products cover an extensive range of applications such as waterproofing membranes, flooring, building and technical insulation, air and liquid filtration, energy storage, composites and gypsum boards. The business operates manufacturing plants in the United States, Germany, Slovakia and China.

“Johns Manville is built on a rich history and has a well-earned reputation as a global market leader,” Vasuta said. “I am excited to join the company and to lead the Engineered Products business.”

Vasuta most recently worked at Bridgestone Corp. as President and Managing Director, Firestone Building Products International as well as Global Senior Vice President, Firestone Building Products. He joined Bridgestone as Deputy General Counsel and later held a variety of executive-level jobs, including President of Bridgestone’s 250 commercial store division and VP of International Sales and Operations for building products.

Vasuta earned a bachelor’s degree in engineering, an MBA and a Juris Doctorate, all from the University of Akron, and he worked earlier in his career in private law practices and the semi-conductor industry.

© 2019 David Mazor


Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Johns Manville Announces New Water-Repellent Pipe Insulation

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Johns Manville, a leading global manufacturer of energy-efficient building products and engineered specialty materials and a Berkshire Hathaway company, announced today that it will release water-repellent, mandrel-wound, mineral wool industrial pipe insulation, MinWool-1200® Pipe, in February of 2019.

According to Jeff Semkowski, Industrial Portfolio Manager for Johns Manville, JM created this new product in response to growing demand for water-repellent materials in the industrial insulation market.

“The market is showing a decided preference for water resistance in insulation materials that are being specified, as an added defense mechanism to combat corrosion under insulation (CUI),” said Semkowski. He explained that the voice of the customer and the engineering community are crucial in helping JM ensure that they are delivering innovative, effective insulation materials for their customers.

“After releasing Thermo-1200™, the first water-resistant calcium silicate on the market, our customers indicated that they wanted a water-repellent mineral wool, so we responded to their needs with MinWool-1200 Pipe.”

MinWool-1200 Pipe insulation was designed to help mitigate the risk of water intrusion. It was tested in accordance with BS EN 13472, absorbing less than 1 kg/m2 of water during the absorption tests. BS EN 13472 is a British Standard test method that measures weight gain by partial immersion in water and in recent years, it has become increasingly more common in material specifications.

Jack Bittner, Senior Industrial Product Manager for Johns Manville, explained that MinWool-1200 Pipe insulation will continue to offer the same thermal performance and lightweight benefits as it always has, but now it will be water-repellent.

“MinWool-1200 Pipe insulation remains unchanged in its performance characteristics. It can still be used in applications with operating temperatures up to 1200°F, and it is still lightweight; the only difference is that MinWool-1200 Pipe now inhibits water intrusion,” he said.

MinWool-1200 Pipe will be available from Johns Manville’s Phenix City, AL facility beginning in February 2019.

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.