Engineered panel firm Contact Industries is acquired by Endura Products
December 29, 2016 | 7:08 pm CST
GREENSBORO, N.C. - Endura Products, a manufacturer of composite wood door frames for the building construction market, says it will acquire Contact Industries Inc. Terms of the agreement between the privately held firms were not disclosed, and the deal was expected to close this month
Day-to-day local management of Contact Industries will remain unchanged.
“Like Endura, Contact Industries is a leader in the markets which it serves and provides its customers with innovative products that make a difference," said Bruce Procton, president of Endura Products. "Contact’s unique products and capabilities, well-trained workforce, excellent management team and the highest-quality customers and suppliers make for a great fit with Endura. We look forward to continuing Contact’s tradition of being a good steward to its employees, community and the industry segments in which it operates.”
Established in 1954, Endura Products is headquartered in Greensboro, N.C., with multiple manufacturing facilities in North Carolina, Texas and Tennessee, and distributing its door frames in the U.S. and Canada.
Contact Industries manufactures engineered wood products, specializing in thin veneer technology and lamination processes that use a variety of substrates. Contact’s products are incorporated into doors and windows, institutional and residential furniture, cabinetry and architectural projects.Headquartered in Clackamas, Oregon., and operating from a 550,000-square-foot facility in Prineville, Oregon,
“Endura Products is an excellent strategic partner for Contact Industries and will provide a strong foundation and additional resources to support our employees, customers and the community,”said Frank Pearson, CEO of Contact Industries. “The opportunity to team up with Endura will allow Contact to serve the customers of both organizations and to use our breadth of capabilities to provide innovative wood products solutions to a broader range of customers.”
Among products offered by Contact Industries is Vulcanus, hidden intumescent material in a door frame that seals the frame to the door panel and the frame to the wall stud in the event of a fire; Amictus profile-wrapped veneering, which "has forever changed what real wood can accomplish in architecture," and LockStep, a composite paneling whose installation is solidified with a tongue and groove substrate.
Cary Street Partners served as financial advisor to Endura Products; NextGen Capital Markets acted as financial advisor for Contact.
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