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

Delphi buying connector maker Antaya

September 22, 2014 2:25 pm ET

Delphi Automotive plc will buy Antaya Technologies Corp., a Rhode Island company that supplies wire harnesses and other technologies that connect...    More

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

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

Upcoming Plastics News Events

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

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

More Events