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

Image

Residents ask court to close pipe maker

November 21, 2014 3:22 pm ET

Residents living by National Pipe & Plastics Inc.'s new factory in an industrial zone of Endicott, N.Y., say the facility has “devastated the...    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Private equity fuels acquisition market

November 18, 2014 11:52 am ET

Plastics firms and outside investors with money to spend increasingly have done so in the plastics industry for the last quarter-century — and...    More

Image

Venture capital firm buys stake in Ximedica

November 17, 2014 3:32 pm ET

International venture capital firm SV Life Sciences has acquired a majority stake in Providence, R.I.-based medical device company Ximedica LLC.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events