Window and door maker Energi Fenestration sold to three Canadian firms
The buyers are Ontario-based Vision Group of Companies and Quebec-based Novatech Group and Thermoplast Extrusions. May 21, 2021 Canadian Plastics
In a deal that involves Canadian plastics pioneer Vic De Zen, Los Angeles-based private equity firm OpenGate Capital has sold Energi Fenestration Solutions Ltd., a maker of rigid and cellular vinyl window and patio door profiles, to three Canadian companies, each of which are acquiring various portions of the business.
The financial terms of the deals have not been disclosed.
One of the buyers is Woodbridge, Ont.-based Vision Group of Companies, which makes PVC and fibreglass columns, vinyl fences, PVC railing, patio doors, basement windows, and custom profiles. “The integration will be complete within the coming months and we will be able to maximize our manufacturing, purchasing, and human resources,” Vision Group chairman and CEO
Product offerings in the world of sidings have dramatically changed over the last decade. Project owners are no longer limited to stucco, vinyl, brick or wood sidings. For many decades in the state of Florida, stucco siding applied over block homes was the dominant siding product. However, the cookie-cutter look has run its course with many homebuyers, and many of them consider vinyl and wood sidings dated in style that also lack the durability of a set-it and forget-it generation.
Cement sidings in lap and panels have taken the place of most traditional wood siding jobs. Although this product offers a high degree of durability it has to be painted and maintained. A movement by a major cement siding company to replace traditional stucco with a stucco panel product is on the horizon this year. This could be a game-changer for the inherent moisture penetration issue of traditional stucco.
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Virtual pitfalls derail exhibits for builders trade show
Virtual pitfalls derail exhibits for builders trade show
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The big reveal of the New American Home translated well to a virtual tour and panel talk. And the economists were as interesting and engaging as ever when they gave their forecasts online for the housing outlook. But the other half of this year s International Builders Show the virtual exhibits were nowhere to be seen, at least on the IBS X platform. Due to ongoing technical issues with IBS X, virtual booths are inaccessible, the website for the Feb. 9-12 online event said.
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