Bradco Supply, the Avenel, N.J.-based distributor of roofing and other building materials, sold a majority interest to Advent International, a private equity firm that specializes in buyouts and strategic restructuring.
Terms of the deal were not disclosed. The transaction was expected to close by late August.
Ranked in seventh place on the Home Channel News Top 350 Pro Dealer List, Bradco reported total sales of $1.70 billion for 2007, a 12.5 percent drop from the previous year. Sales in the pro channel were $1.68 billion. Bradco operates 154 locations in 30 states.
Company founder Barry Segal, who announced his retirement five months ago, will now be free to focus his time and efforts on charitable endeavors, according to a letter posted on Bradco’s website. Segal’s sons, Brad and Martin, will remain part of the management team, the letter said, as will Ted Boylan, who will continue as CEO. The Segal family has retained a minority stake in the business.
S-5! Solutions goes Global
S-5! Solutions added a branch office in Germany and acquired distributors in Germany, Canada, Sweden and Switzerland.
S-5! produces utility clamps that attach to standing seam metal roofs without penetrating the panes. The German office contracted for a major photovoltaic project near Nuremberg. Distributors in Germany include RHEINZINK Gmbh and Co. KG, eurosafesolutions, Barth, Renningen and Weit, Otto Wolff. Canadian distributors are Accuform in Edmonton, Alb., and Bird Stairs in Moncton, N.B. The distributor in Sweden is Bjarnes. In Switzerland, the Cava company will distribute S-5! products. The S-5! office in Bavaria will handle all sales and distribution for central and southern Europe as well as warehousing and marketing of S-5! clamps and accessories for snow retention, photovoltaic and other utility applications. Also the German office will provide technical training for a rapidly growing list of S-5! distributors.
“Expansion off-shore is an important validation of our company’s products — the snow retention device, for instance,” says Rob Haddock, S-5! founder. “In these countries where snowfall is significant and where their domestic technologies are unable to provide the level of control our product offers, we are able to fill the void. We have designed the device not only to maximize the control of snow migration but also to add an aesthetic element to the structure.”
Berger releases new catalog
Berger Building Products introduced its 2008 Product Catalog, featuring new products. Additional technical information can be found in this year’s updated version, along with the quality roof drainage products Berger has manufactured for more than 130 years.
In the new catalog, look for these new products and information: seamless gutter systems in 21 colors; trim boards; T-rail kits; Royal Apex items including hangers, gutter guards, flashing, coil, roof edging and trim; the NoLeaf bracket and end caps; and a gutter coil estimator
PPG publishes guide specification
PPG Industries’ industrial coatings business has published a new guide specification for its liquid and powder coil and extrusion coatings. PPG is the first coatings company to make selection and specification of factory-applied architectural coatings easier by producing a guide formatted to the Construction Specifier Institute’s Masterformat 2004.
“With the addition of Duranar powder coatings to our existing lines of Coraflon and Envirocron powder coatings, PPG will offer more choices for architectural metals than ever before,” says Henry Lowman, PPG director, extrusion products. “With a comprehensive collection of liquid and powder coatings, backed by an architectural support team, PPG is uniquely qualified to help specifiers select the best coating for their specific projects.”
The new PPG IdeaScapes Guide Specification covers protocols for shop- and factory-applied metal coatings. The 10-page document is divided into three sections.
Bradbury expands trim shop
The Bradbury Company, a manufacturer of roll forming and coil handling equipment for the metal construction industry, doubled the size of its dedicated trim shop plant. This expansion comes only a little more than a year and a half after the plant’s Grand Opening and marks the continued growth in demand for Bradbury trim shop equipment.
Along with the expansion, Bradbury has added a new 13-foot folder to its extensive product line in response to customer inquiries and requests for a shorter-length hydraulic folder.
The plant expansion increases the size of the facility to 40,500 square feet. Designated Plant 3, the building houses Bradbury’s trim shop equipment, Hayes Rollforming equipment and various other Bradbury Group products. Plant production includes Bradbury Long Folders, Panther Cub II Slitter/Shears, uncoilers and recoilers, stand-alone hemmers, stand-alone sheet slitters and portable roll forming equipment.
Major Industries adds line
Major Industries reached an agreement with Oldcastle Glass to purchase its translucent wall and skylight business. The sale, expected to close in late July, allows Oldcastle Glass to focus on its custom-engineered glass curtainwall, storefront, window and skylight business.
“Major Industries’ strategic acquisition of translucent panel skylights and curtainwall products from Oldcastle Glass creates a full range of translucent daylighting products and cost-effective solutions for the fenestration industry regardless of the application and price point,” says Wayne Toenjes, president of Major Industries.
The translucent systems acquired from Oldcastle Glass will be manufactured along side Major Industries’ current line of products, including Guardian 275 translucent panel skylights and curtainwall and Auburn glass, polycarbonate and acrylic skylights.
BASF has launched a Spanish version of www.highperformancecommunity.com to serve the North American Spanish speaking building and construction community. Those interested in learning more about BASF’s solutions for sustainable, energy efficient and durable construction systems can easily click the “En Español” tab to access all information in their native language.
Newly edited specifications and details for all RHEINZINK roof, façade and gutter applications are now available. The details provide baseline information for system design and installation. The details were updated to comply more closely with North American standards, according to Lisa Colaianni, marketing manager. For more information or to receive the new details e-mail firstname.lastname@example.org.
Custom Rollforming Corp., a manufacturer of custom roll formed products, recently installed new roll forming equipment designed to form heavy-gauge profiles using high-strength steels. The Bradbury equipment is built to withstand the rigorous demands of forming heavy-gauge profiles while still allowing increased production throughput. The stock reel has a 20,000-pound coil capacity, the tooling is mounted on 3-inch arbors and the heavy-duty seven-roll straightener will flatten even the most reluctant coils. The roll former is a rafted model for quick changeover and increased efficiencies. This machine will accept coil widths up to 24 inches and has a total of 16 forming passes. Headquartered in Moundridge, Kan., CRC is a subsidiary of The Bradbury Group.
Sealex, Inc., a manufacturer of pre-cured sealants and adhesives, was ranked as one of the fastest-growing private companies in America by Inc. The 2008 Inc. 5,000 covers sales revenue of high growth privately held companies through the calendar year ending December 31, 2007. Sealex earned the rank of 65 out of the top manufacturing companies on the Inc. 5,000 and was ranked 1,538 on the overall list.