M-D Building Products buys Loxcreen

By Michael Lauzon
Correspondent

Published: January 4, 2013 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Construction, Pipe/Profile/Tubing

OKLAHOMA CITY (Jan. 4, 12:05 p.m. ET) — M-D Building Products Inc. has expanded in vinyl and aluminum window components extrusion with the purchase of Loxcreen Co. Inc.

“There are a lot of synergies in manufacturing,” said M-D spokesman Brent Gooden in a telephone interview. “The purchase adds more of a national geography.”

M-D is based and does most of its manufacturing in Oklahoma City. Loxcreen has its headquarters in West Columbia, S.C.

Combined, the two firms have sales exceeding $200 million per year.

Loxcreen holds patents on window screen manufacturing. It also runs Bengard Manufacturing, an extruder of floor moldings and trim in Mississauga, Ontario. Other Loxcreen plants are in West Columbia; Chamblee, Ga.; Hubbard, Ore.; Hayti, Mo., and Dallas.

The two privately held companies employ about 800 in the United States and Canada making customized plastic extrusion and aluminum extrusion items for a range of window, flooring, door and tool products and accessories for residential and commercial construction.

“The Loxcreen acquisition and its related manufacturing, engineering and products presents a unique opportunity for us to bring two complementary and compatible businesses with strong market presence together to drive long-term growth,” stated M-D Chairman and President Loren Plotkin in a news release.

“While our emotions are mixed with selling the business after a successful 65 years of operation, we recognize the acquisition by M-D Building Products offers expanded opportunities long-term for our employees and customers,” stated Loxcreen CEO and co-owner Wayne Parrish.

M-D said Joe Comitale, president of Loxcreen Canada and Chief Operating Officer of Loxcreen Co., will continue as president of the Canadian operation and will join M-D as executive vice president.

Loxcreen bought Bengard in 2000 and when it added the Kinkead product line in 2004 it positioned itself as a leader in commercial floor moldings and related products, according to M-D.

M-D makes a variety of commercial weatherproofing products like door and window weather stripping, garage door weather stripping, pipe insulation and caulking that it markets under the Tower Sealants and DuPont names. It also makes aluminum and wood flooring components and installation tools. Its main plant is in Oklahoma City but it also does manufacturing in Gainesville, Ga.

Loren Plotkin led a management team that bought M-D from the founding Macklanburg family in 2007.


Comments

M-D Building Products buys Loxcreen

By Michael Lauzon
Correspondent

Published: January 4, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Green trend boosts plastic building materials business in China

August 29, 2014 9:42 am ET

The greening of China's domestic building materials market is giving the plastics industry a boost.    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

Truce? ACC, US Green Building Council agree to work together on LEED

August 28, 2014 12:08 pm ET

The American Chemistry Council (ACC) and the U.S. Green Building Council (USGBC) announced Aug. 27 that they will be working together on a new...    More

Image

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it Ti...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events