M-D Building Products buys Loxcreen

By Michael Lauzon
Correspondent

Published: January 4, 2013 6:00 am ET

Related to this story

Topics Construction, Mergers & Acquisitions, 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

Sumitomo Bakelite buying injection molder Vaupell Holdings

April 24, 2014 7:37 pm ET

Private equity firm H.I.G. Capital LLC of Miami has entered into a definitive agreement to sell plastics processor Vaupell Holdings Inc. to Sumitomo...    More

Zimmer buying Biomet in $13 billion deal

April 24, 2014 4:25 pm ET

Orthopedic device giant Zimmer Holdings Inc. is buying rival Biomet Inc. in a $13.35 billion cash and stock deal, the companies announced April 24.    More

Songwon acquires division of India's SeQuent

April 24, 2014 12:22 pm ET

Songwon Industrial Group of South Korea has signed a deal with SeQuent Scientific Limited, India to acquire SeQuent's specialty chemicals business.    More

Image

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

China's Shide Group, BASF unveil 'revolutionary' all-plastic window profile

April 23, 2014 9:10 pm ET

SHANGHAI — The PVC window profile market in Asia is expected to increase four-fold by 2025, and Chinese building products maker Dalian Shide Gro...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events