Building Products Acquisitions in 2016

Commercial Metals Company’s wholly owned subsidiary, CMC Steel Fabricators, Inc., acquired substantially all assets of Continental Concrete Structures, Inc., a fabricator of post-tensioning cable and provider of design/value engineering services based in Alpharetta, Georgia. The acquisition expands CMC’s concrete reinforcing capabilities by adding post-tensioning cable production (capacity ~4 million feet annually) and engineering services to its existing rebar fabrication and steel products offerings.

Consolidated Lumber Company, doing business as Arrow Building Center, acquired Fullerton Lumber Company from Plymouth, Minnesota-based Fullerton Companies. The Fullerton family engaged Cherry Tree & Associates to run the sale process so Fullerton could exit the lumber and building materials business and focus on its factory-fabricated building systems and finishes operations.

The Firefly Group and Kocolene Development Corporation acquired Dealers Building Supply, Inc., d/b/a Dealers Wholesale, a value-added distributor of doors, door hardware and fireplaces based in Indianapolis. Matrix Capital Markets Group served as exclusive advisor to Dealers Wholesale; the investment is intended to boost market penetration and expand the company's distribution capabilities.

Valentus Specialty Chemicals Inc., a holding company owned by Huron Capital, completed its acquisition of Absolute Coatings Inc., the wood floor finishes business of Paint-Over-Rust Products. The deal adds the ABSCO, Last-n-Last and TREK-Plus brands to the Valentus platform and expands the group's distribution footprint in the Northeast and Mid-Atlantic; David Sherman, CEO of Paint-Over-Rust, will join Valentus' board.

RPM International Inc. acquired Applied Polymerics, Inc. & Marketing Associates, Inc. (API/MAI) and will fold the business into its Universal Sealants (U.K.) Limited (USL) unit within the RPM Performance Coatings Group. The Mount Airy, North Carolina company supplies and installs bridge expansion joints, concrete repair compounds, protective coatings and pavement-preservation products (about $14M in annual sales); existing management will remain in place.