Fortifiber Corp. has agreed to buy the operations and assets of bankrupt Firstline Corp.'s Valdosta, Ga., film manufacturing facility.
Terms of the deal were not disclosed.
The acquisition, which was expected to close Sept. 14, will bring Fortifiber's manufacturing portfolio up to four plants. Just two, including the new Valdosta facility, have plastics processing capacity.
Privately held Fortifiber is based in Incline Village, Nev. The company specializes in moisture-resistant systems for building and construction - weather resistant barriers, building paper, house wrap and flashing material for windows and doors. The company dabbles in commercial projects but focuses on the home building market, said Carl Thoms, Fortifiber's president and chief operating officer in a Sept. 12 telephone interview.
With the addition of the Valdosta plant, Fortifiber will also gain blown film extrusion capacity, in addition to the enhanced logistics of producing and delivering product to the southeastern United States.
``The film is a nice addition that will help us grow that particular segment,'' Thoms said. ``It can also be used in components we plan to manufacture down there as well.''
Film and sheet maker Firstline is divesting its operations after filing for Chapter 11 bankruptcy protection in March. It also operates a manufacturing plant in Pearson, Ga., but Fortifiber is not buying it.
The downturn in the building and construction sector has not tempered Fortifiber officials' optimism for further consumption of their moisture-resistant and energy-efficient systems by builders.