OAKVILLE, Ont.—Vicwest Inc. has acquired the steel deck and exterior metal cladding business and related resources from the Roll Form Group, a Division of Samuel, Son & Co., Ltd.
The transaction will be completed on January 31, 2014. The business will be incorporated into the exterior building products division, Vicwest Building Products.
“This acquisition increases our customer base, adds another deck profile to our catalogue, and consolidates an important market for our building products business,” said Colin Osborne, president and CEO of Vicwest Inc. “We believe this transaction will bring greater discipline to a marketplace that has under-performed since the recession, and continues to be very challenging, trending at levels well below historical norms. This consolidation will improve our position in the market, add volume in the short term, and provide even greater upside when the domestic non-residential market recovers.”
The composite floor deck product line acquired in the deal is widely recognized in Canada for its loading performance, which makes it ideal for high rise, heavy traffic and residential construction.
“The integration of these product profiles will be seamless,” said Paul Lobb, President and General Manager of Vicwest Building Products. “By living up to this commitment, we hope to be of broader service through our portfolio of other engineered solutions including our current deck product line and our market-leading metal roofing and cladding, insulated metal panels, and architectural panels. We’re also very pleased to add strength to our team through this acquisition, which should help us to improve our market penetration, particularly in Quebec and the Maritime provinces.”
The purchase price was not disclosed but included the acquisition of inventory, goodwill and receivables and was not material to Vicwest Inc.
Vicwest Inc. manufactures and distributes engineered storage and handling systems for grain, fertilizer and liquid storage as well as building construction products for agriculture, commercial, industrial and residential markets. It serves about 7,000 customers and has 1,200 employees.