ACQUISITIONS

ASSA ABLOY Acquires Paddock Fabrications
ASSA ABLOY has acquired Paddock Holdings, a U.K. manufacturer of multi-point locks. According to an announcement from ASSA ABLOY, Paddock has annual sales approaching £30 million (approximately $50 million USD) and employs 250 people, operating from a 90,000-square-foot production center. The company has two core brands – Lockmaster and Millenco – and its range includes multi-point door, patio door and window locks; door cylinders; and hinges, handles, letter plates and other accessories.

“Paddock is an important acquisition, which reinforces our position in the fast growing multi-point lock segment,” says Tzachi Wiesenfeld, executive vice president of ASSA ABLOY and head of the EMEA division. “Paddock has innovative products, impressive market presence and a very experienced team. The addition of Paddock’s product portfolio will contribute significantly to our future growth.”

Chief executive officer Nigel Hutchinson also is optimistic about the deal.

“These are exciting times for Paddock. With ASSA ABLOY’s backing and investment, we will be able to deliver a broader and

more varied range of products to our market place,” he says. “ASSA ABLOY is the market leader in door solutions, so this is a natural fit for both businesses.”

Terms of the acquisition were not disclosed.

Masonite Completes Acquisition of Marshfield DoorSystems Inc.
Masonite Inc. announced the closing of the acquisition of Marshfield DoorSystems Inc., headquartered in Marshfield, Wis. Marshfield is a provider of doors and components for commercial and architectural applications, and its 2010 revenue exceeded $100 million dollars. No other financial details of the acquisition have been disclosed.

Marshfield employs approximately 600 people, with a primary facility in Marshfield and two smaller locations in Greensboro, N.C. and Largo, Fla.

Endura Acquires W&F Manufacturing
Endura Products Inc. in Colfax, N.C., has acquired W&F Manufacturing in Sun Valley, Calif., effective August 18. According to the announcement, W&F’s sales, customer support and manufacturing operations will continue to operate in Sun Valley under the direction of Rodney White, manager of Endura’s sill and component operations.

Dale Moses, W&F’s current customer service and marketing manager, will serve as assistant general manager. Sparky Godiksen, W&F’s national sales manager, will lead the company’s sales efforts through the transition period.

Paul Fleming, W&F’s president for the past 14 years, will serve as a consultant throughout the transition as well.

In a letter sent to customers, Bruce Procton, president of Endura writes, “We will be working with current and prospective W&F customers throughout a transitional period of the next several months regarding our support with respect to the W&F product line.” The letter continues, “Several of Endura’s current representative agencies already handle this product line and there will be no changes within these territories. Where we see immediate opportunities to transition the product line to your current Endura representative, they and your Endura territory sales manager will be in touch with you regarding a plan moving forward. There are several territories in which we will take some time to evaluate existing W&F representation: We will make the determination over the next several months as to whether this existing representation will remain in place, or whether and when a transition might occur.”

COMPANY NEWS
Vanguard Sells Metal Division to Fasco
Vanguard Fenestration (a division of VPL Enterprises Ltd.), based in Langley, British Columbia, announced that it has sold its metal and die cast division to Fasco of Mississauga, Ontario. Vanguard says this will allow the company to focus on its plastic manufacturing division, while allowing Fasco to expand its market and extend their product
offering throughout North America.

“For years we have serviced a mainly Eastern North American market,” he says. “By purchasing the Vanguard metals business with their Western location, we now are able to easily service a North American market.”

Sunset Moulding Reaches the Golden Gate
Sunset Moulding Company’s Live Oak, Calif., division has been recognized by the Cal/OSHA Consultation Service with a Golden Gate Partnership Recog-nition award.

“It was evident to the inspectors the moment they walked into the plant that this facility was not a run-of-the-mill operation,” said the company in a press release. “Upon entering the plant and noticing the cleanliness of the operation they immediately made a statement that this is a great plant.”

The company says its next step will be to move toward Cal/SHARP level of safety and health.

Cal/OSHA provides several levels of recognition to qualified companies and their employees:

• Voluntary Protection Program (fixed site) and Voluntary Protection Program, Con-
struction: The leadership recognition levels for companies that have highly effective safety and health management systems.

• Cal/SHARP: For high-hazard companies that are maintaining advanced safety and health management systems.

• Golden Gate: For high-hazard companies that are maintaining effective safety and health management systems.

FINANCIAL NEWS
Net Sales Decrease Roughly Five Percent at Associated Materials in Second Quarter
Net sales for Associated Materials LLC for the second quarter ended July 2, 2011, were $310.5 million, a 5.4-percent decrease from net sales of $328.3 million for the same period in 2010. Adjusted EBITDA was $34.2 million for the second quarter of 2011 compared to $46.7 million for the same period in 2010.

“While we continue to experience lower than expected sales volumes, we continue to be optimistic about the long-term prospects of AMI once our end markets stabilize and return to normal levels of remodeling and new home construction,” says Dana Snyder, interim chief executive officer.

“Our operating results reflect the challenging conditions that continue to exist in both the remodeling and new construc-tion markets. While these challenging conditions are expected to continue throughout the remainder of 2011, we continue to focus on enhancing the quality, service and value that we deliver to our customer.

briefly
The Builders Hardware Manufacturers Association (BHMA) published ANSI/BHMA A156.2-2011 American National Standard for Bored and Preassembled Locks and Latches. This standard is a revision of ANSI/BHMA A156.2-2003 and establishes performance requirements for bored and preassembled locks and latches, and includes tests on cycles, strength, operation, security, material evaluation, finishes and dimensional criteria
http://buildershardware.com

Great Day Improvements LLC is opening a new Patio Enclosures operation in Charlotte, N.C.

Windowmaker Software has joined forces with three machinery manufacturers to equip AIS Glass Solutions Limited (ASAHI India), an integrated glass manufacturer in India, in setting up five manufacturing plants. With this deal, AIS, which recently diversified into manufacturing vinyl doors and windows, becomes Windowmaker’s 51st customer in India.

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