Graham Partners Isn’t Just Whistling Dixie with Latest Add-on Acquisition
February 11th, 2008
PHILADELPHIA, February 1, 2008 – A Graham Partners portfolio company, HB&G Building Products, has acquired a substantial portion of the business and assets of Dixie-Pacific Manufacturing Company. Graham Partners is a leading private equity firm focused on control buyouts of mid-sized manufacturing and industrial service companies. HB&G is a growing manufacturer of specialty synthetic millwork and is the largest producer of synthetic columns in North America. Dixie-Pacific is also a leading U.S. manufacturer of synthetic and wood porch products, and was formerly part of the home products division of Fortune Brands.
“HB&G’s purchase of the Dixie-Pacific business has broadened HB&G’s product offering, enhanced customer service capabilities, and expanded channel penetration,” said Josh Wilson, a Principal at Graham Partners.
“As part of HB&G, Dixie-Pacific furthers our strategy of offering the building industry innovative millwork of the highest quality, utilizing superior service and marketing support. Dixie-Pacific has a strong brand name and committed customer base. We plan to add value to both by improving customer service and increasing quality,” stated Kent Hendricks, President and CEO of HB&G Building Products.
About HB&G (www.hbgcolumns.com): HB&G Building Products is a manufacturer of synthetic and wood specialty millwork, consisting primarily of exterior and interior columns, as well as exterior posts and rails for porch and deck applications. HB&G offers the broadest line of columns in North America. With a market-leading number of SKUs offered under well-known brand names, which include PermaCast, PermaPorch, PermaRail, Flex Trim and Turnkey, and a reputation for superior product quality, HB&G has long held the number one position in the column market.
About Graham Partners (www.grahampartners.net): Graham Partners is a leading, lower middle market industrial private equity firm based in suburban Philadelphia with over $850 million under management. Graham Partners is sponsored by the privately held Graham Group of York, Pennsylvania, an industrial and investment concern with global interests in plastics, packaging, machinery, building products and outsource manufacturing. Graham Partners seeks to acquire industrial companies with revenues between $20 million and $350 million that participate in manufacturing niches where it can leverage its unique combination of operating resources and financial expertise.
FOR FURTHER INFORMATION CONTACT:
Bill McKee (firstname.lastname@example.org)
Josh Wilson (email@example.com)
Christina Morin (firstname.lastname@example.org)
Tel: (610) 408-0500 / Fax: (610) 408-0600