By: Scott Suttell
CRAIN'S CLEVELAND BUSINESS
May 6, 2014
Associated Materials Group Inc. of Cuyahoga Falls, Ohio, a manufacturer and distributor of exterior residential building products in the United States and Canada, has a new CEO.
The company named Brian C. Strauss as president and CEO on May 5, as well as a member of its board of directors. He replaces interim CEO Dana Snyder, who will remain on the board, according to a news release.
Strauss served the past seven years as president and CEO of El Segundo, Calif.-based Henry Co., a privately held building materials company serving commercial and residential markets.
“Brian's background in building products, his commercial and strategic skills and his ability to develop a strong team make him the ideal fit for us as the next chief executive at (Associated Materials),” said Erik Ragatz, chairman of the company's board, in a statement.
Prior to joining Henry Co. in August 2007, Strauss spent more than three years as president of Covalence Plastics and its predecessor company, Tyco Plastics, according to the Associated Materials news release. Strauss also worked eight years at Honeywell and its predecessor, AlliedSignal, in management and commercial roles.
In the release, Strauss said he was “truly excited about the opportunity to use my building products experience to make an impact at (Associated Materials) and continue its more than 65 years of growth and success. There is a large opportunity ahead for this company and my intent is to focus the talent and passion of the organization to drive operational excellence, superior service and an even greater focus on our customers.”
Associated Materials last month withdrew its plan for an initial public offering.
Last July, the company, which is owned by buyout firm Hellman & Friedman LLC, filed with the U.S. Securities and Exchange Commission for an IPO of up to $100 million. But in an April 15 filing with the SEC, Associated Materials said, “A determination has been made not to proceed with the initial public offering.”
Associated Materials was founded in 1947. It recorded $1.2 billion in sales for the 12 months ended Sept. 28, 2013.
The company produces vinyl windows, vinyl siding, vinyl railing and fencing, aluminum trim coil, aluminum and steel siding and related accessories. It also sells complementary products made by third parties, such as roofing materials, cladding materials, insulation, exterior doors, and installation equipment and tools.