Mergers & Acquisitions

Southern Stretch Forming Acquires Dlubak Metal Bending Assets

Southern Stretch Forming (SSF) has acquired the assets and process knowledge of Dlubak Metal Bending, based in Cowansville, Pa.

“We are excited to add encapsulated roll-forming to our extensive stretch forming capabilities. The addition of this equipment and the workforce that knows the process allows SSF to offer an alternative method of metal curving,” says David Arthur, president of SSF.

Encapsulated roll-forming involves encasing an extrusion in a block of low-temperature alloy. The part is then roll-formed to the prescribed radius. One of the advantages of this process is that companies can curve pre-finished material without having to heat-treat the part. Heat treating or “annealing” typically destroys the finish. Material length and tightness of radius limits have to be considered when choosing either the stretch-forming method or the encapsulated roll-forming method. According to the company, both processes have their place in the market.

“The operation will temporarily remain in Cowansville, Pa.; however, plans are being made to move the equipment to our East Coast stretch-forming facility in Butler, Pa. Eventually, we’d like to expand this process to our other facilities across the country,” says Arthur.

Southern Stretch Forming has been in the metal-curving business since 1991, and is headquartered in Denton, Texas. It operates metal-curving facilities in Modesto, Calif., Butler Pa., and Wausau , Wis.

Lockheed Sells Residential Division to Slocomb Windows and Doors

Lockheed Window Corp. of Pascoag, R.I., has sold its residential division to Slocomb Windows and Doors Inc.

“Over the years, we have seen the amount of opportunity and demand in the commercial construction sector grow exponentially,” said president and owner Michael S. Kosiver. “This transition with Slocomb Windows and Doors will allow us to focus on our commercial operations and provide our customers and partners a heightened level of support, attention and expertise to their ongoing and future projects.” He continues, “Slocomb has been in the window and door industry for over 55 years, making the transition as easy as possible for our residential division customers and partners. This change in focus will also allow us to focus on entering new markets and offering improved and increased in-house fabrication of various panel systems, unitized curtainwall systems, and computerized CNC machining.”

Midwest Wholesale Hardware Acquires Strauss Lock Distributors

High Road Capital Partners announced that its portfolio company Mid-west Wholesale Hardware has completed the acquisition of the assets of Strauss Lock Distributors (SLD).

Based in Des Moines, Iowa, SLD is a wholesale distributor of residen-tial door hardware and security products. In addition to its Des Moines headquarters, the company operates distribution centers in Phoenix and Charlotte, N.C.

“SLD’s focus on the residential builder market and strength in the building products channel are tremendous complements to Midwest Wholesale Hard-ware’s extensive commercial and institutional offering,” says Scott Rubino, principal at High Road Capital Partners. “In addition, Midwest will be able to extend SLD’s reach into several new geographic markets.”

“We’re excited to join the Midwest Wholesale Hardware team and have the company’s national distribution network behind us,” said Dan Swift, president, Strauss Lock Distributors, who will continue to lead SLD following the acquisition. “Our new partnership will provide access to resources and expertise that will take SLD to the next level.”

Midwest Wholesale Hardware’s acquisition of Strauss Lock Distributors closed on December 22, 2017. Transaction considerations were not disclosed.

Midwest Wholesale Hardware itself had been acquired by High Road in Feb-ruary 2017 and was the sixth platform company for High Road Capital Part-ners Fund II. Strauss Lock Distributors is the second acquisition completed by Midwest Wholesale Hardware under High Road’s ownership and follows the acquisition of Akron Hardware in October 2017.

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