M-D Acquires Morse Industries
Posted on January 23, 2018
OKLAHOMA CITY / SEATTLE (Jan. 23, 2018) — Oklahoma City-based M-D Building Products, Inc., one of the nation’s top manufacturers of weatherization, flooring and installation products, has acquired the assets of Seattle-based Morse Industries. Founded in 1982, Morse is a family operated company providing industry professionals working solutions in railing, shower, and architectural metals. The acquisition includes three facilities as well as an international distribution system servicing North America, Europe, and the Pacific Rim.
“The Morse acquisition reinforces M-D as an industry consolidator seeking to complement our existing growth strategy as we continue to diversify and expand into new markets,” said Loren Plotkin, chairman, and president of M-D Building Products. “After meeting with the Morse team, it didn’t take long to determine it was in the best interest of both companies to consider an acquisition.”
Plotkin continued, “Morse is an ideal fit for M-D. Both companies are privately held family owned and operated and share similar values. The bringing together of these two companies expands our product portfolio, increases our manufacturing capabilities, adds distribution centers and opens new markets. We view the acquisition of Morse as a driver of long-term growth.”
Morse Industries operates three distribution facilities in the United States, serving North America, Europe, and the Pacific Rim. Morse specializes in the customized commercial railing, shower, architectural metals, extrusions, slide tracks and marine products.
In addition to M-D’s leadership in the weatherization, flooring and installation markets, they also are one of the nation’s largest aluminum and vinyl extrusion manufacturers. Along with Morse’s presence in this segment, the acquisition expands their footprint in the aluminum and vinyl extrusion markets and allows for considerable growth.
“After more than 35 years of running Morse Industries as a family business, my brothers and I decided it was time to join a larger family.” said Terry Morse, CEO, Morse Industries. “We’ve known and respected M-D for many years. In addition to diversifying the business, joining with M-D gives us greater internal capabilities and experts to expand and enhance our operations, especially in the aluminum and vinyl extrusion market.”
Morse has national operations including distribution facilities in Kent, Washington, Brea, California, and Indian Trail, North Carolina. M-D Building Products operates multiple manufacturing sites across the US and Canada. Terry Morse will continue in his role as CEO of Morse.
“We respect the Morse family and the business,” Plotkin said. “Integrating with Morse will allow us opportunities to broaden our product line, expand into new markets and continue supply chain and logistics growth. We look forward to seizing the opportunities created by this acquisition.”
# # #
About Morse Industries
Founded in 1982, Morse Industries specializes in providing industry professionals with top-quality products like glass railings, stainless steel railings and fittings, shower enclosures and hardware, architectural extrusions, slide track systems, stainless steel and aluminum tubing, marine rub rail and canvas fittings.
Morse also works with customers to provide custom solutions for aluminum and vinyl extrusions as well as meeting demand for custom castings or machined parts in aluminum and stainless steel.
Family operated by Terry, Larry and Jeff Morse, Morse Industries goal is to give the highest quality and superior value in the products while providing the best customer service in the business.
About M-D Building Products
M-D Building Products designs manufactures and markets a range of residential and commercial weatherproofing products, including door and window weather-stripping, garage door weather-stripping, pipe insulation and a complete line of interior and exterior caulk marketed under both the Tower Sealants and DuPont ™ brands. The company also produces aluminum and wood flooring transitions as well as installation tools.
The company is headquartered in Oklahoma City, where its primary manufacturing and distribution facilities are located. M-D Building Products also operates seven additional manufacturing and distribution sites across the U.S. and Canada. The company sells its products through numerous retailers and professional channels to consumers, contractors, wholesalers and community agencies across the nation.
In 2007, the current management team bought out the founding Macklanburg family after three generations. Led by majority shareholder Loren Plotkin, the management team has continued to grow and expand the company’s product lines and upgraded manufacturing and distribution capabilities and facilities.