RedBuilt buys SSI assets in economic distress sale
RedBuilt acquires Standard Structures assets

RedBuilt buys SSI assets in economic distress saleBOISE, ID -- RedBuilt, a supplier of engineered lumber products, is acquiring certain Standard Structures Inc. (SSI) assets, including equipment, raw materials inventory and intellectual property.

SSI, which manufactures glulam beams, I-joists and open-web trusses for commercial and multifamily roof and floor systems, plans to exit the engineered wood products business and restructure its remaining business around its core glulam product line. SSI's President and CEO Richard Caletti cited extraordinary financial stress associated with the worst recession since the Great Depression as the cause in SSI’s Aug. 19 announcement.

RedBuilt does not lan to manufacture SSI-branded engineered wood products.

RedBuilt CEO Kurt Liebich said, “We’re not able to produce Standard Structures products due to building code regulations, so SSI engineered wood I-joists and open-web trusses will no longer be available. However, RedBuilt offers many comparable, innovative, industry-leading products, and we hope to work with SSI’s former engineered wood products customers to identify suitable alternatives that satisfy their project requirements.”


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