Dallas-based window maker Atrium Cos. Inc. has acquired Canadian vinyl profile extruder North Star Vinyl Windows & Doors in a deal that opens up new sales opportunities throughout Canada and the northern United States.
Terms were not disclosed.
North Star operates out of a 233,000-square-foot extrusion and fabrication plant in St. Thomas, Ontario, where the company is headquartered. It will continue to operate under the North Star name. There will be few visible changes, said Mark Gallant, Atrium's vice president of marketing, in a March 12 telephone interview.
Privately held Atrium's majority shareholder is New York-based investment firm Kenner & Co. Inc., which since acquiring Atrium in 2003 has been aggressively adding window makers under the Atrium umbrella.
``In this business, you're either considering acquisitions, or you're a niche player,'' Gallant said. ``We want a solid, national presence and to be a top-line player.''
In addition to the Atrium and North Star brands, the company makes windows and doors under the brand names of Superior, Thermal Industries, Danvid, HR Windows, Champion and Darby.
The industry has been undergoing a steady dose of consolidation and Gallant said he expects it to continue.
``We look for the best ones to acquire,'' he said. ``We're really impressed with North Star and their operations. They make an excellent product, a heavier product because they're selling to cold-weather areas in Canada.''
North Star will benefit from the buying power and distribution channels established by Atrium and its companies, Gallant said. And Atrium will use the acquisition to make its presence felt in Canada.