SUNNYVALE, CA — Serious Materials, Inc. announced today that it has received approval from the bankruptcy court and closed the acquisition of certain assets, primarily production equipment, of the former Republic Windows and Doors plant based in Chicago.
Serious Materials also has completed an agreement with the union to move forward and intends to reopen the plant for the manufacturing of its SeriousWindows and SeriousGlass and create green collar jobs. Republic Windows garnered national attention in December when it declared bankruptcy, closed its doors, and left 300 people unemployed just before the holidays.
Serious Materials said it purchased Republic because the Obama Administration’s Recovery Act will increase demand for its products, according to a White House press release.
HUD and DOE have created a high level interagency task force to coordinate home weatherization efforts under the American Recovery and Reinvestment Act, and to leverage those funds to build a home energy efficiency industry in the U.S. that will: create or retain tens of thousands of jobs, lower energy costs of vulnerable low-income households, and reduce greenhouse gas emissions. HUD and DOE will allocate $16 billion in economic recovery funds to retrofit existing homes, the White House says.