A new acquisition emerges in the global aluminium industry with
Hoover Treated Wood Products Inc. (Hoover) acquiring Arconic
Architectural Products LLC. The acquired company is a
manufacturer of aluminium cladding products and is currently
located in Eastman, Georgia.
The acquiring company, after this move, has been able to
position itself within the exterior aluminium cladding market
and is set to launch a completely new product division, which
will be named Hoover Architectural Solutions LLC.
Hoover, for more than 70 years, has been providing
code-compliant fire retarded-treated wood (FRTW), which aids in
protecting the structures from the inside. Now, with Hoover
Architectural Solutions, the firm is aiming to extend its
commitment to exterior cladding and signage with aluminium
composite materials (ACM) panels.
Not only this, but the firm’s new division will also manufacture
Reynobond Fire Retardant (FR), Reynobond Polyethene (PE), and
sell Reynoplate and Reynoclad. The collaboration of these
products will support all the building professionals located in
Canada and the US with a trusted protection from the inside out.
David Gillrie, CEO of Hoover Treated Wood Products, stated, “As
the leader in FRTW, Hoover has always put life safety,
innovation and customer trust at the centre of what we do. This
acquisition is an exciting next step. Hoover Architectural
Solutions allows us to deliver that same standard of safety and
quality to a broader set of building materials, making the
construction process simpler, more efficient and more reliable
for our customers.”
The operation of the new facility will be done under the Hoover
brand, which shall be further backed by the company’s track
record, including code compliance, safety and service. The
primary focus of the facility will be on producing the exterior
aluminium claddings and signage, aiding the building business
across North America. However, both Hoover Treated Wood
Products, Inc. and Hoover Architectural Solutions, LLC will be
operating as separate entities.
Source:
alcircle.com