WINCHESTER, Va.--(BUSINESS WIRE)--April 15, 2004--Trex Company,
Inc. (NYSE: TWP) today announced that it has entered into an agreement
with The Home Depot (NYSE: HD) to begin selling Trex(R) decking
products in selected markets. In addition, Trex(R) decking and railing
products will be available nationally in Home Depot stores via special
order through Trex's existing distribution channels.
Trex Company Chairman and Chief Executive Officer Robert Matheny
commented, "Home Depot represents an exciting new opportunity for Trex
to expand our distribution channels and reach a whole new set of
consumers and contractors. By joining forces with the world's leading
home improvement retailer, we believe we can dramatically accelerate
the conversion from wood to composite decking and further our goal of
establishing Trex(R) as one of the most recognized brands of
residential outdoor living products.
"One of Trex's strategies is to reach consumers in ways that
complement and enhance our current distribution channel. Through our
relationship with Home Depot, Trex will reach the growing number of
people in the 'do-it-yourself' category. We look forward to expanding
the market for composite decking, increasing our sales and building
awareness of Trex(R) through this important new channel of
distribution."
About Trex Company
Trex Company is the nation's largest manufacturer of alternative
decking, which is marketed under the brand name Trex(R). Trex
Wood-Polymer(R) lumber offers an attractive appearance and the
workability of wood without the ongoing need for protective sealants
or repairs. Trex decking and railing is manufactured in a proprietary
process that combines waste wood fibers and reclaimed polyethylene and
is used primarily for residential and commercial decking. The Company
sells its products through approximately 90 wholesale distribution
locations, which in turn sell Trex decking to approximately 3,300
independent contractor-oriented retail lumberyards across the United
States.
For more information on Trex(R) decking and railing products,
visit www.trex.com. Trex(R) and Trex Wood-Polymer(R) are trademarks of
Trex Company, Inc., Winchester, Va.
The statements in this press release regarding the Company's
expected sales performance and operating results, its projections of
revenues, earnings and costs, its anticipated financial condition and
its business strategy constitute "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements are
subject to risks and uncertainties that could cause the Company's
actual operating results to differ materially. Such risks and
uncertainties include the extent of market acceptance of the Company's
products, the sensitivity of the Company's business to general
economic conditions, the Company's ability to continue to obtain raw
materials at acceptable prices, the Company's ability to increase
production levels to meet increasing demand for its products, and the
highly competitive markets in which the Company operates. The
Company's report on Form 10-K filed with the Securities and Exchange
Commission on March 5, 2004 discusses some of the important factors
that could cause the Company's actual results to differ materially
from those expressed or implied in these forward-looking statements.
The Company expressly disclaims any obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT: Trex Company, Inc.
Robert G. Matheny, 540-542-6300
Chairman and CEO
or
Lippert/Heilshorn & Associates
Harriet Fried, 212-838-3777
SOURCE: Trex Company, Inc.
