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Trex Company Wins 2005 Green-2- Award from Winslow Management; Green Companies That Outperform Non-Green Competitors Honored on Earth Day
WINCHESTER, Va.--(BUSINESS WIRE)--April 22, 2005--Trex Company, Inc. (NYSE: TWP) is one of the first recipients of the Green(2) Awards, which will be presented each Earth Day by Winslow Management Company to companies that make positive contributions to both the environment and to their shareholders. Winslow Management is a green investing company that manages the Winslow Green Growth Fund. The winners will receive their awards today, which marks the 35th Annual Earth Day.
Trex Co. is joined for the 2005 honor by Green Mountain Coffee Roasters (NASDAQ: GMCR) of Waterbury, Vermont and The Timberland Company (NYSE: TBL), maker of outdoor apparel and footwear, of Stratham, New Hampshire.
"We are proud to uphold the Winslow philosophy that what is good for the environment can also benefit shareholders and the general public," said Robert Matheny, Chief Executive Officer, Trex Company. "The success of Trex decking and railing demonstrates that you can be environmentally responsible, while offering homeowners a durable and attractive decking product with numerous lifestyle advantages." This year, Trex expanded its product line to include Trex Brasilia(TM), a rainforest-look decking that may help protect endangered, old-growth rainforest trees by offering homeowners an appealing option.
The Green(2) Award winners are all listed on the Winslow Green Index (WGI), an equally weighted index of 100 "green-screened" companies. Since it was created five years ago, WGI has had a cumulative increase in value of +96.99%.
Trex Co. turns millions of pounds of recycled and reclaimed plastic and reclaimed wood each year into Trex(R) decking and railing, a weather-resistant, splinter-free, low-maintenance option for decking. Most of the raw materials used to produce its deck materials come from recycled plastic grocery bags, reclaimed pallet wrap and reclaimed hardwood. Trex Co. purchases an estimated 300 million pounds of recycled or reclaimed polyethylene and approximately the same amount of hardwood sawdust each year that would otherwise end up in landfills. The company estimates that it receives about 50% of the recycled plastic grocery bags available on the market.
For more than a decade, Trex has defined the alternative decking category with products that create beautiful backyard spaces. To locate an authorized Trex dealer or TrexPro(R) contractor near you or for more information, call 1-800-BUY-TREX (289-8739) or visit the Trex company website at www.trex.com.
About Trex Company
Trex Company is the nation's largest manufacturer of composite decking, which is marketed under the brand name Trex(R). Made from a unique combination of reclaimed wood and plastic, Trex decking and railing products offer significant design flexibility with fewer ongoing maintenance requirements. Trex(R) is a trademark of Trex Company, Inc., Winchester, Va.
About Winslow Management Co.
Winslow Management Company (www.winslowgreen.com) seeks to invest in high growth and environmentally proactive and environmentally sensitive companies. From its inception in 1984, Winslow has been investing the assets of high-net-worth individuals, non-profit institutions, and pension funds in growth companies that are environmentally sensitive. Its products and services include: The Winslow Green Growth Fund, an aggressive equity growth fund open to individual and institutional investors; individual portfolio management for high-net-worth individuals and institutions, and a hedge fund that is open to qualified clients. Based in Boston, Winslow managed assets totaling approximately $225 million as of December 31, 2004.
CONTACT:
Maureen Murray, 973-993-1570
Precise2@optonline.net
SOURCE: Trex Company, Inc.