TORONTO — Jannock Ltd. expanded its vinyl windows and doors business with the April 29 acquisition of Survivor Technologies Inc. of Hillside, N.J.
Survivor assembles windows and doors at Hillside and at Leon, Iowa, using vinyl profiles purchased from outside suppliers. Toronto-based Jannock paid about US$22 million for Survivor, which had sales of about US$40 million last year. Brian Jamieson, Jannock chief financial officer, said Survivor's sales doubled in the past three years.
Survivor will strengthen Jannock's sales in home centers, according to Gary Acinapura, executive vice president of fabricated products in Jannock's Pittsburgh-based vinyl group. Jannock's other window and door business, Kensington Windows, mainly sells high-end products direct to dealers, Acinapura said in a telephone interview.
Jannock entered windows and doors in 1995 when it bought Kensington, including a plant in Leechburg, Pa. About a year ago, Acinapura indicated his firm had expansion plans for windows. The Survivor acquisition more than doubles Jannock's windows business and puts it in the top 10 in North America, the firm estimated. Jannock's main vinyl business, however, remains siding.
Acinapura said Jannock has no immediate plan to backward-integrate into window profile production to feed its three window assembly operations.
Survivor's management, including President Harold Kaye, will continue with the company under the new owner, Acinapura noted. Kaye said in a news release that Jannock will provide his firm with the resources to continue its fast growth.
Acinapura said Survivor was owned by private investors who had a sister firm, Allied Building Products Corp. of East Rutherford, N.J., that was bought last summer by an Irish firm. Allied was not a major customer for Survivor, according to Acinapura.
Survivor's predecessor companies date back to about 1970 and got into vinyl windows more than 10 years ago. Former owners of Survivor could not be reached for comment.
Jannock's vinyl siding sales last year were about US$261 million from six extrusion operations. Officials did not disclose window and door sales.