ClarkDietrich Completes Purchase of Structa Wire Corp.
ClarkDietrich, the largest manufacturer of cold-formed steel framing products, interior and exterior finishing products and accessories in North America, announced today that the company has completed its acquisition of Structa Wire Corp, a manufacturer of high-performance welded wire products for the lath and plaster industry.
The acquisition caps a longstanding partnership that began in 2012 when the two companies announced a distribution agreement, in which ClarkDietrich provided full sales support and delivery of Structa Wire products to 40 states across the United States. Then in 2018 ClarkDietrich purchased a 50-percent ownership stake in the company.
Based in Vancouver, BC, Structa Wire was founded by Abe and Jeff Sacks more than 20 years ago. Today, the company designs and manufactures a comprehensive line of proprietary products developed to improve the performance of stucco for steel and wood-framed construction, including popular brands such as Structalath®, Mega Lath™ and Structa Corner.
“Structa Wire’s history of innovation and quality manufacturing have made it a natural extension of our team, and we are pleased to complete the process of fully integrating the company into the ClarkDietrich family,” said Jim Collins, president and CEO, ClarkDietrich. “Structa Wire’s high-performance products naturally complement our existing portfolio of solutions for stucco wall applications, delivering outstanding value to our customers.”
“The transfer of ownership evolved from a harmonious and proven relationship with ClarkDietrich, as well as our shared principles and values, which bodes well for the future of Structawire,” said Abe and Jeff Sacks.
ClarkDietrich® is the leading manufacturer of a full line of drywall studs and accessories, structural studs and joists, metal lath and accessories, shaft wall studs and track, interior and exterior finishing products, and connectors and accessories for commercial and residential construction. Quality manufacturing, a full-line offering, national distribution, engineering services and responsive customer service position ClarkDietrich as the largest manufacturer of cold-formed steel framing in North America. Clarkwestern Dietrich Building Systems is a 75/25 joint venture with Marubeni-Itochu Steel America Inc. (MISA) and Worthington Industries, Inc.
Source: ClarkWestern Dietrich Building Systems, LLC