OmniMax International Acquired Verde Industries, Inc. Verde is a leading manufacturer of high quality plastic roof flashing and weather protection products, headquartered in Phoenix, Arizona. Verde will operate as a subsidiary of OmniMax and will be integrated into its consumer segment in a manner complementary to OmniMax’s residential building and roof drainage products.
ATLANTA (PRWEB) October 01, 2021
OmniMax International (âOmniMaxâ, or the âCompanyâ) has acquired Verde Industries, Inc. (âVerdeâ). Verde is a leading manufacturer of high quality plastic roof flashing and weather protection products, headquartered in Phoenix, Arizona. Verde will operate as a subsidiary of OmniMax and will be integrated into its consumer segment in a manner complementary to OmniMax’s residential building and roof drainage products. The combined companies will greatly benefit customers of both companies, providing a broader product portfolio, improved service in larger geographies, and increased investments across the new manufacturing footprint.
John C. Wayne, CEO of OmniMax: âWe are delighted to add Verde to the OmniMax brand portfolio and see it as an exceptional complement to Berger and Flamco. We believe Verde is the ideal platform for OmniMax to grow its residential roofing accessories business. in the Southwest and Western United States This acquisition will allow us to deepen our relationships with our key customers, providing greater geographic reach and greater product depth. We are delighted to welcome the employees of Verde to OmniMax, and we look forward to working with them to increase the solid 30-year foundation of the company that has grown under the leadership of George Goettl. “
George Goettl, President of Verde: âWe are delighted to join the OmniMax family and continue to grow the great company we have built. With the support of SVPGlobal’s ownership group, this combination will provide the resources, capital and scale that will allow us to further strengthen our customer service, expand our product line, expand our geographic footprint, invest in our manufacturing capabilities and to provide our employees with opportunities to grow and thrive. I would like to thank our loyal customers who believe in and trust Verde Industries and thank the many employees who have contributed to the growth of our company over the years. I look forward to joining the OmniMax team and working with them to continue building Verde for generations to come.
Financial terms of the transaction were not disclosed.
About OmniMax International
OmniMax is a leading domestic manufacturer of residential building products and a leading supplier of products for outdoor living, recreational vehicles and other construction end markets with sales in 2020 of approximately $ 700 million. As the market leader in residential roof drainage, OmniMax has a broad scale, leading brands such as Amerimax, Berger, Flamco, and long-standing relationships with leading home improvement center retailers and distributors. building products of the country. The company’s high-growth outdoor living business is a manufacturer of shadehouses and outdoor structures through brands such as Equinox, Alumawood and Knotwood. OmniMax’s business segment provides custom metal roofing, wall panels and architectural products for large custom jobs under the Fabral and CopperCraft brands. The Company is also a leading supplier to the recreational vehicle industry, which benefits from strong trends in outdoor recreation and living. OmniMax International is owned by funds managed by SVPGlobal, a global investment firm with over $ 18 billion in assets under management, founded by Victor Khosla in 2001. For more information, visit http: // www .omnimax.com
Verde Industries, Inc. (“Verde”) is a leading manufacturer of high quality residential building products, supplying a full line of metal flashings, plastic weather protection products and other roofing accessories and components. residential. With a manufacturing site in Phoenix, AZ, Verde serves a national customer base with a strong geographic presence in the West and Southwest.
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