16.08.2018 19:02:00

Garaga acquires Mid-America Door Co. to manufacture garage doors in the United States

ST-GEORGES, QC, Aug. 16, 2018 /CNW Telbec/ - Garaga Inc., a leading manufacturer of garage doors announces that it has purchased Mid-America Door Company located in Ponca City, Oklahoma. Both Garaga and Mid-America Door manufacture residential and commercial sectional garage doors. Garaga specializes in polyurethane products, whereas Mid-America Door provides its dealers pan and styrene garage door products.

Co-President Maxime Gaudreau, Executive Chairman of the Board Michel Gendreau and Co-President Martin Gendreau (CNW Group/Garaga Inc.)

Garaga plans to continue to grow both the Garaga and Mid-America brands independently by leveraging and sharing each other strengths. "We are excited about the opportunities this transaction brings as we will combine our expertise to better serve each of our dealer networks" says Martin Gendreau, Co -President of Garaga. "After working on this acquisition, we find there is a great culture fit between our two businesses. We will rely on the current Mid-America team to continue to do what they do well, provide consistent excellent quality and service to their dealer network."

This transaction will significantly increase Garaga's footprint in the United States: "We are proud to add Mid-America Door within our product line as it perfectly complements our offering to the market. Garaga's strength is its polyurethane products, while Mid-America is strong with its pan products" says Maxime Gendreau, Co-President of Garaga. "In addition, Mid-America's geographic location is perfectly complementary with ours as Garaga's customers are located in New England and the northern tier of the USA, whereas Mid-America's customers are located mostly in the southern tier of the USA. This will enable the combined company to have dealers in 40 states". 

With this transaction, industry veteran John Earnest, current President of Mid-America, will retire from day to day operations. "I am very excited to have Garaga acquire our business as I believe they are the best possible fit for us. Both our employees and dealer base will gain from this transaction!" Carl Christensen, current Vice President & COO, will become the General Manager of Mid-America Door, while Brandon Rutz will be Director of Manufacturing and Mike Schoen will be Director of Sales & Marketing.

About Garaga
Garaga, a Canadian family-owned company founded in 1983, is one of the largest manufacturers of insulated garage doors (residential, commercial and industrial) in Canada. Garaga employs 245 people and has two manufacturing plants, in St-Georges, QC and Barrie, ON.

About Mid-America
Mid-America Door was founded in 1991 by a group of door dealers and others to manufacture steel sectional overhead-type doors. Approximately 100 employees operate in a facility located in Ponca City, OKLAHOMA.

 

SOURCE Garaga Inc.

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!