Oklahoma City-based M-D Building Products Inc., a manufacturers of weatherization, flooring and installation products, has acquired the assets of Seattle-based Morse Industries. Founded in 1982, Morse is a family-operated company that provides solutions in glass railing, showers and architectural metals to industry professionals. The acquisition includes three facilities as well as an international distribution system servicing North America, Europe and the Pacific Rim.
“The Morse acquisition reinforces M-D as an industry consolidator seeking to complement our existing growth strategy as we continue to diversify and expand into new markets,” says Loren Plotkin, chairman and president of M-D Building Products. “After meeting with the Morse team, it didn’t take long to determine it was in the best interest of both companies to consider an acquisition. Morse is an ideal fit for M-D. Both companies are privately held family owned and operated and share similar values. The bringing together of these two companies expands our product portfolio, increases our manufacturing capabilities, adds distribution centers and opens new markets. We view the acquisition of Morse as a driver of long-term growth.”
Morse specializes in the customized commercial glass railing, shower, architectural metals, extrusions, slide tracks and marine products.
In addition to M-D’s weatherization, flooring and installation products, they also manufacture aluminum and vinyl extrusions. Along with Morse’s presence in this segment, the acquisition expands their footprint in the aluminum and vinyl extrusion markets and allows for considerable growth.
“After more than 35 years of running Morse Industries as a family business, my brothers and I decided it was time to join a larger family,” says Terry Morse, CEO of Morse Industries. “We’ve known and respected M-D for many years. In addition to diversifying the business, joining with M-D gives us greater internal capabilities and experts to expand and enhance our operations, especially in the aluminum and vinyl extrusion market.”
Morse has national operations including distribution facilities in Kent, Wash., Brea, Calif., and Indian Trail, N.C. M-D Building Products operates multiple manufacturing sites across the U.S. and Canada. Terry Morse will continue in his role as CEO of Morse.
“We respect the Morse family and the business,” says Plotkin. “Integrating with Morse will allow us opportunities to broaden our product line, expand into new markets and continue supply chain and logistics growth. We look forward to seizing the opportunities created by this acquisition.”