Skip to main content
Sister Publication Links
  • Sustainable Plastics
  • Rubber News
Subscribe
  • Sign Up Free
  • Login
  • Subscribe
  • News
    • Processor News
    • Suppliers
    • More News
    • Digital Edition
    • End Markets
    • Special Reports
    • Newsletters
    • Videos
    • Podcasts
    • Injection Molding
    • Blow Molding
    • Film & Sheet
    • Pipe/Profile/Tubing
    • Rotomolding
    • Thermoforming
    • Recycling
    • Machinery
    • Materials
    • Molds/Tooling
    • Product news
    • Design
    • K Show
    • Mergers & Acquisitions
    • Sustainability
    • Public Policy
    • Material Insights Videos
    • Numbers that Matter
    • Automotive
    • Packaging
    • Medical
    • Consumer Products
    • Construction
    • Notable Leaders in Sustainability
    • Processor of the Year
    • Best Places to Work
    • Women Breaking the Mold
    • Rising Stars
    • Diversity
    • Most Interesting Social Media Accounts in Plastics
  • Opinion
    • The Plastics Blog
    • Kickstart
    • One Good Resin
    • Pellets and Politics
    • All Things Data
    • Viewpoint
    • From Pillar to Post
    • Perspective
    • Mailbag
    • Fake Plastic Trees
  • Shop Floor
    • Blending
    • Compounding
    • Drying
    • Injection Molding
    • Purging
    • Robotics
    • Size Reduction
    • Structural Foam
    • Tooling
    • Training
  • Events
    • Plastics News Events
    • Industry Events
    • Injection Molding & Design Expo
    • Livestreams/Webinars
    • Editorial Livestreams
    • Ask the Expert
    • Plastics News Events Library
    • Plastics News Executive Forum
    • Injection Molding & Design Expo
    • Plastics Caps + Closures: A Global Online Event
    • Women Breaking the Mold Networking Forum
    • Bioplastics Live
    • Numbers that Matter Live
    • PFAS Live
    • Plastics in Politics Live
    • PN Live: Mergers and Acquisitions
    • Polymer Points Live
    • Sustainable Plastics Live
    • Plastics Caps & Closures Library
    • Plastics in Healthcare Library
    • Women Breaking the Mold Networking Forum Library
  • Rankings & Data
    • Injection Molders
    • Blow Molders
    • Film Sheet
    • Thermoformers
    • Pipe Profile Tubing
    • Rotomolders
    • Mold/Toolmakers
    • LSR Processors
    • Recyclers
    • Compounders - List
    • Association - List
    • Plastic Lumber - List
    • All
  • Directory
  • Resin Prices
    • Resin Prices Overview
    • Commodity Thermoplastics
    • High Temperature Thermoplastics
    • Engineering Thermoplastics
    • Recycled Plastics
    • Thermosets
    • Europe - Virgin
    • Europe - Recycled
    • Europe - Feedstock
  • Custom
    • Sponsored Content
    • LS Mtron Sponsored Content
    • Conair Sponsored Content
    • KraussMaffei Sponsored Content
    • ENGEL Sponsored Content
    • White Papers
    • Classifieds
    • Place an Ad
    • Sign up for Early Classified
MENU
Breadcrumb
  1. Home
  2. News
July 09, 2021 09:57 AM

Trusscore builds its business with Westech acquisition

Catherine Kavanaugh
Senior Reporter
Plastics News Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Trusscore
    Trusscore of Palmerston, Ontario, built its business on PVC wall and ceiling panels that were easy to install. The company will build out its product line with the acquisition of Westlake Chemical Corp.'s Westech Building Products Inc. subsidiary.

    After raising $5 million in seed money last year, Trusscore is building out its product line and employee team.

    The latest move came June 30, when Palmerston, Ontario-based Trusscore bought the assets of Westech Building Products Inc. from Houston-based Westlake Chemical Corp.

    Privately held Trusscore, a producer of PVC-based wall and ceiling panels, was in immediate need of machines and manpower, CEO Dave Caputo said in a phone interview. Sales increased about 77 percent in the last fiscal year and are growing at an even faster clip this year, he said.

    "Our year ends in February, and we're up 125 percent this year so far," Caputo said. "We're bringing new lines on constantly. It's a match made in heaven to find all the infrastructure and most importantly the very experienced team that Westech had. The tenure there is incredible with many 10-, 15- and 20-year team members."

    Trusscore bought all the extrusion lines, compounding assets, pulverizers, grinders and "everything you could imagine to be inside a 20- or 30-year-old extrusion plant," Caputo said. Terms of the deal were not disclosed.

    Westech extrudes PVC profiles for windows, doors and other products, including a dock and deck system.

    The Calgary location was a draw for Trusscore, which was looking for ways to deliver lower-cost products to its customers in western Canada and the U.S., Caputo said.

    "We've got a really good product market fit with our wall and ceiling boards and our slat wall products," Caputo said. "Historically, a big chunk of our sales came from agriculture, but right now we're seeing probably half the leads coming into our inbox are from people organizing their garages. The residential market is really driving it. People are looking for something more durable and waterproof on their walls to really clean up their space."

    Trusscore bills itself as a material science company that makes sustainable building products that install three times faster than traditional alternatives and have a crisp, durable finish. Applications include workshops, hospitality venues, restaurants and offices in addition to home garages and agricultural use like barns, indoor grow rooms and animal containment.

    Westech products will complement and expand the Trusscore line and enhance the acquirer's focus on innovation and research and development, including advanced nanotechnology and chemistry, Caputo said.

    "We will iterate on our formulation to make it the most sustainable it can be with features people really want," he added.

    The Westech facility will be rebranded under the Trusscore banner, which also includes manufacturing operations in Dayton, Ohio, and Palmerston. The company's marketing and research and development staff work out of the Communitech technology and innovation hub in Kitchener, Ontario.

    The acquisition brings the Trusscore workforce to 187 employees, up from 89 a year ago, to handle recently accelerated sales growth and market acceptance.

    In May 2020, Trusscore had raised C$5.33 million (US$4.3 million) from investors for seed money for research and development aimed at scaling production of Trusscore's materials and hiring more people to support of the growth. The investors included fellow serial entrepreneurs, construction executives, family and friends, Caputo said at the time.

    In September, Trusscore announced a partnership with HGTV home renovators Bryan and Sarah Baeumler, a husband-and-wife team featured on the channel for more than a decade in the Island of Bryan (in Canada) and Renovation Island (in the U.S.). The pair are brand ambassadors showcasing Trusscore's products to homeowners, contractors and, architects. 

    The sale of the Westech business comes just three weeks after Westlake bought the North American building products business of Boral Industries Inc. for $2.15 billion. The timing of the two transactions was coincidental and they are not related, Chip Swearingen, Westlake communications director, told Plastics News.

    RECOMMENDED FOR YOU
    Tennessee-based insulation maker adding equipment, jobs
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]

    Most Popular
    1
    National bottle bill ‘could make sense,' senator says
    2
    An 8,000-ton dream for Milacron, 20/20 Custom Molded Plastics
    3
    PS resin prices continue their climb
    4
    Play Mart expanding in Kentucky, adding jobs
    5
    Resin Prices - North America
    SIGN UP FOR OUR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Find more newsletters at plasticsnews.com/newsletters.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Get our newsletters

    Staying current is easy with Plastics News delivered straight to your inbox, free of charge.

    Subscribe today

    Subscribe to Plastics News

    Subscribe now
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter
    • Instagram

    Plastics News covers the business of the global plastics industry. We report news, gather data and deliver timely information that provides our readers with a competitive advantage.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI 48207-2997

    Customer Service:
    877-320-1723

    Resources
    • About
    • Staff
    • Editorial Calendar
    • Media Kit
    • Data Store
    • Digital Edition
    • Custom Content
    • People
    • Contact
    • Careers
    • Sitemap
    Related Crain Publications
    • Sustainable Plastics
    • Rubber News
    • Tire Business
    • Urethanes Technology
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Processor News
        • Injection Molding
        • Blow Molding
        • Film & Sheet
        • Pipe/Profile/Tubing
        • Rotomolding
        • Thermoforming
        • Recycling
      • Suppliers
        • Machinery
        • Materials
        • Molds/Tooling
        • Product news
        • Design
      • More News
        • K Show
        • Mergers & Acquisitions
        • Sustainability
        • Public Policy
        • Material Insights Videos
        • Numbers that Matter
      • Digital Edition
      • End Markets
        • Automotive
        • Packaging
        • Medical
        • Consumer Products
        • Construction
      • Special Reports
        • Notable Leaders in Sustainability
        • Processor of the Year
        • Best Places to Work
        • Women Breaking the Mold
        • Rising Stars
        • Diversity
        • Most Interesting Social Media Accounts in Plastics
      • Newsletters
      • Videos
      • Podcasts
    • Opinion
      • The Plastics Blog
      • Kickstart
      • One Good Resin
      • Pellets and Politics
      • All Things Data
      • Viewpoint
      • From Pillar to Post
      • Perspective
      • Mailbag
      • Fake Plastic Trees
    • Shop Floor
      • Blending
      • Compounding
      • Drying
      • Injection Molding
      • Purging
      • Robotics
      • Size Reduction
      • Structural Foam
      • Tooling
      • Training
    • Events
      • Plastics News Events
        • Plastics News Executive Forum
        • Injection Molding & Design Expo
        • Plastics Caps + Closures: A Global Online Event
        • Women Breaking the Mold Networking Forum
      • Industry Events
      • Injection Molding & Design Expo
      • Livestreams/Webinars
      • Editorial Livestreams
        • Bioplastics Live
        • Numbers that Matter Live
        • PFAS Live
        • Plastics in Politics Live
        • PN Live: Mergers and Acquisitions
        • Polymer Points Live
        • Sustainable Plastics Live
      • Ask the Expert
      • Plastics News Events Library
        • Plastics Caps & Closures Library
        • Plastics in Healthcare Library
        • Women Breaking the Mold Networking Forum Library
    • Rankings & Data
      • Injection Molders
      • Blow Molders
      • Film Sheet
      • Thermoformers
      • Pipe Profile Tubing
      • Rotomolders
      • Mold/Toolmakers
      • LSR Processors
      • Recyclers
      • Compounders - List
      • Association - List
      • Plastic Lumber - List
      • All
    • Directory
    • Resin Prices
      • Resin Prices Overview
      • Commodity Thermoplastics
      • High Temperature Thermoplastics
      • Engineering Thermoplastics
      • Recycled Plastics
      • Thermosets
      • Europe - Virgin
      • Europe - Recycled
      • Europe - Feedstock
    • Custom
      • Sponsored Content
      • LS Mtron Sponsored Content
      • Conair Sponsored Content
      • KraussMaffei Sponsored Content
      • ENGEL Sponsored Content
      • White Papers
      • Classifieds
        • Place an Ad
        • Sign up for Early Classified