NEWTOWN SQUARE, PA. (Oct. 19, 5:35 p.m. ET) — Graham Partners Inc. is adding to its plastic residential building products portfolio, buying Mitten Inc., a Paris, Ontario-based extruder and distributor of vinyl siding, vinyl siding accessories, and other exterior building products.
Terms were not disclosed.
Mitten ranked No. 40 on Plastics News' recent survey of North American pipe, profile and tubing extruders, with estimated sales of US$85 million. The company has one plant with eight extrusion lines.
According to an Oct. 19 news release, Graham sees opportunities for Mitten to grow by expanding its product offering through its existing distribution network and expansion into new markets. The majority of Mitten's sales are within Canada.
Mitten is the sixth platform investment for Graham Partners over the past 10 months. In August, when Graham Partners bought PVC window extruder Chelsea Building Products, an executive said the private equity firm wants to buy more makers of plastic residential building products.