For Immediate Release
ClarkDietrich™ Building Systems Acquires Leading Vinyl Bead and Trim Manufacturer, Vinyl Corp.
West Chester, Ohio, Nov. 1, 2011 – West Chester, Ohio – ClarkDietrich Building Systems today announced that it has purchased the Vinyl Corp. business from Worthington Industries, Inc. Located in Miami, Fla., Vinyl Corp. is one of the largest, full-line vinyl bead and trim manufacturers in the U.S. The company's products include beads, trims and control joints for stucco/plaster, drywall, exterior insulation finish systems (EIFS) and direct-applied exterior finish systems (DEFS).
The acquistion of Vinyl Corp. expands ClarkDietrich's ability to deliver innovative products and services that provide the industry with the most comprehensive solutions for interior and exterior light gauge steel framing systems.
“This acquisition brings together two leading companies with complementary strategic visions and technology, and a shared commitment to customer satisfaction,” says Bill Courtney, president and CEO of ClarkDietrich Building Systems. “Together, we are well-positioned to better serve our combined customer base with more products and resources than ever before.”
Beginning immediately, ClarkDietrich will execute the planned integration of the two companies' products, customers and employees to ensure a smooth transition that will deliver immediate value for customers, partners and stakeholders. Vinyl Corp. currently has 34 employees.
ClarkDietrich offers the world's largest selection of steel framing and finishing products, with a 40-year reputation for quality manufacturing. The company offers a full line of drywall studs and accessories, structural studs and joists, metal lath and accessories, shaft wall studs and track, interior finishing products, and connectors and accessories for commercial and residential construction. ClarkDietrich cold-formed steel products are available nationwide and are precision manufactured from corrosion-resistant galvanized steel.
About ClarkDietrich™ Building Systems
ClarkDietrich Building Systems is the leading manufacturer of a full line of drywall studs and accessories, structural studs and joists, metal lath and accessories, shaft wall studs and track, interior finishing products, and connectors and accessories for commercial and residential construction. Quality manufacturing, a full-line offering, national distribution, engineering services and responsive customer service position ClarkDietrich Building Systems as the largest and fastest growing manufacturer of cold-formed steel framing in North America. Clarkwestern Dietrich Building Systems is a 75/25 joint venture with Marubeni-Itochu Steel America Inc. (MISA) and Worthington Industries, Inc. For more information, visit www.clarkdietrich.com.
About Marubeni-Itochu Steel America Inc. (MISA)
MISA is a fully integrated network of metal processing and manufacturing facilities and sales and service offices strategically located in the United States, Canada and Mexico. Founded in 2001, the company is a recognized industry leader in all aspects of supply chain management and processed metals for the automotive, construction and other major industries.
MISA is a wholly owned subsidiary of Marubeni-Itochu Steel Inc. and is the subsidiary responsible for international trade, processing and manufacturing operations in the Americas. Marubeni-Itochu Steel Inc. is a global leader in metal trading, processing and manufacturing with revenue of $19.4 billion in fiscal year 2010. Marubeni-Itochu Steel Inc. employs approximately 7,843 people and operates 45 offices in 23 countries worldwide.
About Worthington Industries
Worthington Industries is a leading diversified metals manufacturing company with 2011 fiscal year sales of approximately $2.4 billion. The Columbus, Ohio based company is North America's premier value-added steel processor; a leader in manufactured pressure cylinders, such as propane, oxygen and helium tanks, hand-held torches, refrigerant and industrial tanks, camping cylinders, compressed natural gas storage cylinders and scuba tanks; framing systems and stairs for mid-rise buildings; steel pallets and racks; and through joint ventures, suspension grid systems for concealed and lay-in panel ceilings, laser welded blanks; light gauge steel framing for commercial and residential construction; and current and past model automotive service stampings. Worthington, including its joint ventures employs approximately 8,500 people and operates 74 facilities in 12 countries.