Graham Partners continues to expand in plastic building products with the purchase of certain assets from Dixie-Pacific Manufacturing Co. Inc.
Graham's HB&G Building Products Inc. unit paid an undisclosed amount for Dixie-Pacific's fiberglass-reinforced plastic columns business and assets in Gadsden, Ala.
Graham will lease plant space at the site where Dixie-Pacific also makes synthetic posts, rails and other products not included in the deal, Graham principal Josh Wilson said by telephone from his firm's headquarters in Philadelphia.
The acquisition dovetails with Graham's HB&G subsidiary, which Graham claims is the largest maker of synthetic columns in North America. It follows closely on last year's purchase of Flex Trim Inc., a Fontana, Calif., producer of polyurethane columns.
Also last year Graham bought cellular PVC millwork extruder Turnkey Millwork Inc. of Raleigh, N.C., and integrated it into HB&G. HB&G also operates a plant at its headquarters in Troy, Ala. Graham acquired HB&G in 2003.
``This acquisition strengthens HB&G's core business of synthetic columns,'' Wilson said. The deal also includes pultrusion capability, but the focus was on fiberglass-reinforced columns, a market in which HB&G already was big. HB&G's main business is synthetic interior and exterior columns, exterior posts and rails for porch and deck uses, and wood millwork.
Whether the purchased assets will remain in Gadsden in the long term is still being debated by HB&G officials, according to Wilson.
``They're still finalizing the operating plan,'' Wilson noted.
``As part of HB&G, Dixie-Pacific furthers our strategy of offering the building industry innovative millwork of the highest quality, utilizing superior service and marketing support,'' said Kent Hendricks, HB&G president and chief executive officer, in a Feb. 4 news release.