M-D acquires Morse Industries

Date: 25 January 2018
Source: www.mdteam.com
M-D acquires Morse Industries
Photo source
www.mdteam.com

Date: 25 January 2018

The acquisition includes three facilities as well as an international distribution system servicing North America, Europe, and the Pacific Rim.

Oklahoma City-based M-D Building Products, Inc., one of the nation’s top manufacturers of weatherization, flooring and installation products, has acquired the assets of Seattle-based Morse Industries.

Founded in 1982, Morse is a family operated company providing industry professionals working solutions in railing, shower, and architectural metals.

The acquisition includes three facilities as well as an international distribution system servicing North America, Europe, and the Pacific Rim.

“The Morse acquisition reinforces M-D as an industry consolidator seeking to complement our existing growth strategy as we continue to diversify and expand into new markets,” said Loren Plotkin, chairman, and president of M-D Building Products. “After meeting with the Morse team, it didn’t take long to determine it was in the best interest of both companies to consider an acquisition.”

Plotkin continued, “Morse is an ideal fit for M-D.  Both companies are privately held family owned and operated and share similar values.  The bringing together of these two companies expands our product portfolio, increases our manufacturing capabilities, adds distribution centers and opens new markets. We view the acquisition of Morse as a driver of long-term growth.”

Morse Industries operates three distribution facilities in the United States, serving North America, Europe, and the Pacific Rim. Morse specializes in the customized commercial railing, shower, architectural metals, extrusions, slide tracks and marine products.

In addition to M-D’s leadership in the weatherization, flooring and installation markets, they also are one of the nation’s largest aluminum and vinyl extrusion manufacturers. Along with Morse’s presence in this segment, the acquisition expands their footprint in the aluminum and vinyl extrusion markets and allows for considerable growth.

“After more than 35 years of running Morse Industries as a family business, my brothers and I decided it was time to join a larger family.” said Terry Morse, CEO, Morse Industries. “We’ve known and respected M-D for many years.  In addition to diversifying the business, joining with M-D gives us greater internal capabilities and experts to expand and enhance our operations, especially in the aluminum and vinyl extrusion market.”

Morse has national operations including distribution facilities in Kent, Washington, Brea, California, and Indian Trail, North Carolina. M-D Building Products operates multiple manufacturing sites across the US and Canada.  Terry Morse will continue in his role as CEO of Morse.

“We respect the Morse family and the business,” Plotkin said.  “Integrating with Morse will allow us opportunities to broaden our product line, expand into new markets and continue supply chain and logistics growth. We look forward to seizing the opportunities created by this acquisition.”

600450 M-D acquires Morse Industries glassonweb.com

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