Pella Adds To Acquisitions With Duratherm Wiindows

The Iowa based company has acquired this Maine based manufacturer and designer of customizable hardwood windows and doors.


https://facilityexecutive.com/2016/11/pella-adds-to-acquisitions-with-duratherm-windows/
The Iowa based company has acquired this Maine based manufacturer and designer of customizable hardwood windows and doors.
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Pella Adds To Acquisitions With Duratherm Windows

The Iowa based company has acquired this Maine based manufacturer and designer of customizable hardwood windows and doors.

Pella Adds To Acquisitions With Duratherm Wiindows

Nearly 70 additional employees have joined Pella Corporation‘s 7,000 strong workforce as the company announces the acquisition of Duratherm Windows Corporation, a manufacturer and designer of customizable hardwood windows and doors for commercial buildings, institutional facilities, and residential. Founded in 1925 with headquarters in Pella, IA, Pella produces made-to-order and custom windows, doors, blinds and shades. The company’s windows feature wood, vinyl, and fiberglas, and its door materials include wood, steel and fiberglass front, patio, and garage designs.commercial buildings

“It was a pleasant surprise to me when I received a call from Pella, especially since I wasn’t actively seeking to sell the business,” said Tim Downing, president at Duratherm, located in Vassalboro, ME. “This partnership creates exciting possibilities for Duratherm. With Pella’s involvement, we will continue to be trailblazers within the architectural community and grow.”

commercial buildingsWith the acquisition taking effect November 1, 2016, Duratherm Window Corporation will remain under the leadership of Tim Downing and maintain its brand and attention in the luxury marketplace. Over time, Duratherm will be integrated into the Pella Crafted Luxury collection. The Pella Crafted Luxury collection is showcased in the 7,000 square foot showroom in LuxeHome® at Chicago’s Merchandise Mart.

“We’ve acquired Duratherm for Duratherm. Our goal is to support their endeavors and help the team do more of what they already do exceptionally well,” added Tim Yaggi, president and CEO of Pella Corp, which is headquartered in Pella, IA. “Duratherm rounds out Pella’s collection of elite brands and expands our geographic footprint on both the east and west coasts.”

This is the third acquisition for Pella during the past two years which includes Grabill Windows & Doors, acquired in 2015, and Reilly Windows & Doors, attained in July 2016. Duratherm’s facility in Vassalboro, Maine, is about 11 miles north of the state capital, Augusta, and now increases Pella’s manufacturing locations to 13 throughout the United States.

The terms of the sale will not be disclosed as Pella and Duratherm are both privately-held companies.

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