No house is fully aluminum, and no house is fully vinyl. To Kaycan Ltd. of Montreal, it makes the most sense to offer gutter and window systems from both materials.
In a transaction that took effect Sept. 1, Kaycan acquired Plastmo Ltd. of Brampton, Ontario, to tackle the North American market for rain gutter and window systems.
Officials would not disclose the purchase price. Kaycan officials said Plastmo President John Harbom will stay on.
Plastmo will remain Plastmo, officials said, because the brand has tremendous equity. Plastmo has vinyl extrusion and injection molding operations at one facility in Brampton with 75 employees. Kaycan will distribute Plastmo's products in areas where they fit into the Kaycan product lines.
``It complements our existing product lines and enhances our business,'' President Lionel Dubrofsky said Sept. 1 by telephone. ``It allows us to offer a complete, comprehensive window system. Kaycan is in a very aggressive growth mode. We've positioned ourselves in the marketplace. We've grown to be a significant player in Canada, and now in the United States.''
The firm will make more acquisitions in other plastic building materials, officials said. Dubrofsky would give no hint as to what will come next, however.
Kaycan, with 1,100 employees, has been in business 30 years under the ownership of the Dubrofsky family. It owns 62 distribution centers throughout North America and sells to major retailers throughout Canada. Kaycan has a total of seven plants, with three plants dedicated to vinyl siding and trim in Cowansville, Quebec; Carstairs, Alberta; and Burlington, Vt; and one smaller plant dedicated to trim and window extrusion in Farnham, Quebec.
Each firm does its own compounding.
``Kaycan's vast array of vinyl siding, windows and aluminum rain gutters, combined with Plastmo's superior vinyl rain gutters and window systems, will help us achieve our goal of providing the most extensive lineup of high-quality products to our customers,'' Dubrofsky said in a news release.