Tag Archive | "acquisition"

Clio Holdings, LLC Acquires Top Master, Inc.

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Clio Holdings, LLC Acquires Top Master, Inc.

Posted on 18 January 2017 by CRadmin3

Top MasterClio Holdings, LLC of Birmingham, Mich. has acquired Top Master, Inc. of Kansas City, KS, expanding its footprint of regional countertop fabrication businesses to eight states. Top Master, a portfolio company of CID Capital, Inc. of Indianapolis, Ind., is a designer, fabricator and installer of a comprehensive line of custom countertop products, including granite, quartz and solid surface, used in both residential and commercial applications. Jordan, Knauff & Company served as exclusive financial advisor to Top Master and CID Capital throughout the transaction.

Founded in 1984, Top Master has operations in five locations primarily serving the Kansas, Iowa, Missouri and Nebraska markets. As a result of successful partnerships in each market with big box home improvement retailers, kitchen and bath dealer networks, homebuilders and commercial contractors, Top Master has grown to become the largest provider of countertops to the residential remodeling and new residential construction markets in the Midwest. The Company has been recognized for its extensive product offering and commitment to customer service.

Clio was founded in 2016 with a vision to create an industry leading supplier and fabricator of countertops, providing the capital and operational expertise to implement best practices across this highly fragmented industry.

Michael Varone, President of Top Master, stated that partnering with Clio will allow the company to continue its commitment to customer service while enhancing the products, services and opportunities offered to customers, suppliers and team members.

You may also be interested in this article about the acquisition of C-Tech-I Sinks by Chemcore.

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Chemcore Acquires C-Tech-I Sinks

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Chemcore Acquires C-Tech-I Sinks

Posted on 01 December 2016 by cradmin

chemcore C-Tech-I sinksChemcore Industries acquired the C-Tech-I sink line and, as owner of the brand, will be the exclusive distributor of C-Tech-I sinks through its five U.S. warehouses located in: Austin; Atlanta; Hampton, N.H. (Boston area); Brea, Calif. (Los Angeles/Orange County); and Chicago. C-Tech-I has built a reputation as an premium quality sink line, featuring rare euro 3-piece construction and heavy 16-gauge materials. Most models come as a complete sink package including grids, sink strainer/drain and a pasta strainer. Chemcore will stock more than 30 models in the C-Tech-I Imperial line of stainless sinks, available from all locations.

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Wilsonart to Acquire Bushboard in U.K.

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Wilsonart to Acquire Bushboard in U.K.

Posted on 16 November 2016 by CRadmin3

Wilsonart Engineered SurfacesWilsonart Engineered Surfaces, the Austin, TX- based manufacturer and distributor of engineered surfaces, announced an agreement to acquire Bushboard, the U.K.-based manufacturer and distributor of worktops and wall systems.

“Bushboard is a terrific company that brings new, innovative products to market,” said Tim O’Brien, Wilsonart CEO. “It will be a great addition to our European operations, which already includes leading engineered surfaces brands like Polyrey and Resopal.”

The Bushboard business will report into Tim Pearson, Wilsonart President, Western Europe. “Bushboard is an ideal complement to the Wilsonart Europe businesses, dovetailing well with our existing worktop operation in the U.K. and beyond,” said Pearson. “Bushboard brings new technology, new products and new routes to market for Wilsonart throughout Europe. We look forward to the growth opportunities that these new capabilities present.”

You may also be interested in this article about the acquisition of Granite City Tool by GranQuartz.

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Polycor Acquires Swenson Granite & Rock of Ages

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Polycor Acquires Swenson Granite & Rock of Ages

Posted on 13 October 2016 by CRadmin3

polycorPolycor Inc., a Quebec-based natural stone producer, announced the acquisition of Swenson Granite and Rock of Ages, two of the top players in the granite and memorial monument industry. The merging of these three large companies makes them the biggest marble and granite production group in North America and one of the biggest worldwide. The headquarters of the business will remain in City of Québec, Canada.

These acquisitions will spotlight Polycor’s expertise in new North American and international markets. “Swenson Granite and Rock of Ages are brands known for the superior quality of their products in the markets where they have a presence. We wish to maintain their brand identity and image. They enjoy an enviable reputation, which will secure immediate growth for us,” explains Patrick Perus, CEO of Polycor. Polycor’s management is also aiming to acquire better knowledge of the customer base in these markets and strengthen their expertise in working natural stone quarries.

More than 800 employees will now work in Polycor’s numerous divisions. “Our intent is to create more jobs in the communities involved. We’re thrilled to welcome 400 new members into Polycor’s big family and we’re confident they will integrate seamlessly, as the three groups are complementary to each other and share similar fundamental values,” adds Perus.

TorQuest Partners and its co-investors, in conjunction with PNC Mezzanine Capital, are partnering with key members of Polycor, Swenson Granite and Rock of Ages management teams to capitalize the combined company. Though the transaction amount remains confidential, Polycor’s management estimates that by the end of this acquisition, revenues will exceed $150 million (USD) per year.

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Arborite Announces New American Acquisition

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Arborite Announces New American Acquisition

Posted on 24 May 2016 by CRadmin3

ArboriteArborite, a Montreal-based manufacturer of high pressure laminate (HPL) and subsidiary of Wilsonart Engineered Surfaces, is acquiring Lamin-Art, Inc., a decorative surfaces brand based in Chicago (Schaumburg, Ill.) Previously a private-held company, Kevin Geijer, a 16-year Wilsonart veteran, has been appointed general manager of Lamin-Art.

“The Lamin-Art business model nests beautifully into our brand strategy,” said Salvatore Rivera, president of Arborite. “Lamin-Art has earned a distinctive brand cachet in the commercial interior design markets. Their unique offering allows us to provide even more design and product choice to customers.”

“Lamin-Art is proud of our exceptional employees and the loyal customers we’ve earned over more than 50 years,” said Donald Krog, former owner and president of Lamin-Art. “Together with Arborite’s resources and expertise, the business will continue to evolve and grow.”

The acquisition is expected to finalized by the end of May 2016.

You may also be interested in this article about the ‘Save A Sample! Program’ sponsored by Wilsonart & Arborite.

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Lackmond Products, Inc. Acquires Diamond Tooling Solutions

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Lackmond Products, Inc. Acquires Diamond Tooling Solutions

Posted on 11 November 2015 by cradmin

Lackmond DTS logosMarietta, Georgia-based Lackmond Products, Inc., a supplier of diamond tools, carbide tools and equipment, and parent company of Lackmond Stone, acquired Diamond Tooling Solutions (DTS), of Royalton, Minn. DTS was founded in 2010 and its product lines consist of Tyrolit CNC Tooling, Nemi Vacuum Pods and many other tools and supplies for the stone fabricator. The company’s ability to offer support and application solutions to automated fabrication shops has made it a valuable resource to the stone fabricator. Whether it’s calibrating a CNC machines, setting up a new tooling or helping provide other solutions in the shop, DTS provides the support and knowledge to help the stone fabrication shop become more efficient and profitable.

“Troy Gertken and his team created significant value through their experience and expertise with operating CNC Machines, not only providing the best CNC tooling in the industry, Tyrolit, but also giving solutions and support to their many customers,” said Cliff Sallis, president and owner of Lackmond Products, Inc. “We intend to commit all our resources to continuing Troy’s and DTS’s legacy and extending their vast coverage, as well as expanding Lackmond Stone’s footprint in the stone industry. Mr. Sallis emphasized that Lackmond’s acquisition will allow the company to pursue its growth strategy in the stone market.

“Our team has done an outstanding job positioning DTS as a leader with extensive knowledge in the CNC tooling and stone business,” said Troy Gertken, president and owner of DTS. “Lackmond Products, through their Lackmond Stone division, has a keen understanding of our industry and we are fortunate to have them as a partner as we continue to expand our business.”

More information is available at www.Lackmond.com.

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The Swan Corporation Seeks Buyer, Investor, Partner

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The Swan Corporation Seeks Buyer, Investor, Partner

Posted on 02 September 2015 by cradmin

The Swan Corporation, a manufacturer of solid surface bath and kitchen fixtures, has retained mergers & acquisition specialist Heritage Equity Partners to seek an investor, partner or buyer for the business. Based in St. Louis, the company has a 350,000-sq.-ft. manufacturing facility in Centralia, Ill., and has been in business for more than 50 years. Swan’s solid surface products are compression molded instead of being cast, so they do not require additional fabrication, reports the company. Its product lines include bowls, countertops, kitchen sinks, shower bases and walls, tabletops and vanites. The corporations most recognized product lines are Swanstone and Veritek, and it has been a special order supplier to retailers such as Home Depot, Lowe’s and Menard’s for many years. The company also distributes through “master stocking distributors” and numerous plumbing wholesaler distributors. Swan also has international sales and “ample capacity to expand both domestically and internationally,” according to a statement from the organization. It services the home improvement, education, healthcare, hospitality, military, multi-family and public housing sectors.

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Wilsonart To Acquire Durcon, Maker of Epoxy Resin Countertops

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Wilsonart To Acquire Durcon, Maker of Epoxy Resin Countertops

Posted on 05 November 2013 by cradmin

Wilsonart announced an agreement to acquire Durcon Incorporated, a manufacturer of laboratory-grade work surfaces and sinks. The Taylor, Texas-based Durcon provides laboratory tops, student tabletops, sinks and other work surfaces worldwide, and is best known for its epoxy resin surfaces. Durcon will operate as a new, independent business unit of Wilsonart.

The Federal Trade Commission on Oct. 25 granted early termination of the waiting period for U.S. antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,  in connection with the acquisition, and Wilsonart expects the transaction to close in the fourth quarter of 2013. The acquisition will reportedly be financed through a combination of available cash and Incremental Term Loan Commitments as provided under the company’s existing credit facilities.”We are excited about the future for both Wilsonart and Durcon,” said Timothy J. O’Brien, CEO of Wilsonart.

“We are investing for growth and adding a great brand, great products and great people to the Wilsonart family. These two organizations are culturally aligned around customer service, which will continue to be a key competitive advantage as we join forces to expand product offerings and reach new customers.”

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