Volume 49, Issue 5 - May 2014

Mergers&Acquisitions

DAMS Inc. Purchases Assets of Doralco 100-Percent Employee-Owned

DAMS Inc., short for D. Architectural Metal Solutions Inc., purchased the assets of Doralco. The new owners say the purchase makes the former Doralco a 100-percent employee-owned company. DAMS is led by former Doralco employees Trip Hummel and Matthew JaBaay. It will maintain its headquarters in the Chicago area and will retain the company’s entire production team.

“We’ve been fortunate to be a part of the company’s success and leadership in the industry over the past 16 years. We are looking forward to continuing to build the brand’s market-leading value and quality,” says principal JaBaay.

“We’re excited to support existing clients with the same high level of service to which they are accustomed and they can be assured the company is positioned to perform well into the future,” he adds. “We are looking forward to expanding our footprint in the market.”

“Commercial building organizations today are tasked with assembling multiple suppliers for their building’s exterior architectural metals,” says principal Hummel. “Our goal is to make it easy for architects, general contractors and installers to rely on DAMS as a single supplier for metal components of the building envelope.”

Hummel adds that the company’s focus on completing the building envelope “will enable us to innovate faster, create a more comprehensive solution, and deliver it to the project at a pace that is unmatched in the market.”

Quanex Completes Sale of Nichols Aluminum
Quanex Building Products Corp. completed the sale of its interest in Nichols Aluminum LLC, a wholly owned subsidiary, to Aleris for $110 million in an all-cash transaction.

Evercore Partners acted as financial advisor and Norton Rose Fulbright acted as legal counsel to Quanex.

“Going forward, our full focus will be on growing our position as a leading window and door component supplier both domestically and internationally,” says Bill Griffiths, Quanex chairman, president and CEO.

Eastman Chemical Co. to Acquire Suntek/CLC
Commonwealth Laminating & Coating Inc. (CLC) entered into a definitive agreement to be acquired by Eastman Chemical Co. CLC said in a press release that it is a strong, strategic fit for Eastman’s performance films business, headquartered in Kingsport, Tenn. CLC added that it is confident in Eastman’s shared commitment to serving and growing the window and protective film markets, innovation through product and process development and superior customer service and support. CLC also brings to Eastman an experienced and proven workforce, a state-of-the art manufacturing facility, a complementary brand and product portfolio, and a broad geographic footprint, according to the company.

“With Commonwealth, Eastman extends our performance films global offerings for solar control window film and protective film applications. Adding Commonwealth supports our strategy of providing targeted and effective product, brand, and service solutions to meet the specific needs of our global, diverse customers and end-users,” says Brad Lich, executive vice president for Eastman.

The deal will include CLC’s manufacturing facility and master distribution center in Martinsville, Va., and nine sales distribution centers that serve the global market. Eastman officials say the acquired business is expected to be accretive to the first full-year of earnings post-acquisition, excluding acquisition-related costs and charges. Following the completion of the transaction, the acquired business will become part of Eastman’s Advanced Materials segment.


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