« Back to Facilities Management News Home
« Design & Construction
CertainTeed Gypsum: Company Signs Agreement to Acquire Structus Building Technologies, Inc.
Valley Forge, Pa. — July 29, 2015 — Saint-Gobain, through its subsidiary, CertainTeed Gypsum, announced an agreement to purchase Structus Building Technologies, Inc. (SBTI) of Bend, Ore., a manufacturer of innovative, high-performance drywall corner solutions.
Founded in 1996, Structus designs and manufactures a preferred line of products that enhances and supports finishing in the drywall industry. The company’s leading products include No-Coat structural laminate drywall corners; AquaBead and Hydrotrim water-activated corners; Optimus Drywall Corner Reinforcement; EasyFlex Flexible Corner Bead; AutoPRO drywall finishing machines; Ultraflex, Ultratrim, Ultra Arch, and Ultratool drywall finishing tools and accessories; and Levelline drywall corner trim.
Structus is a private-label supplier of AquaBead, Optimus, and EasyFlex to CertainTeed Gypsum in North America and in Europe to CertainTeed’s parent company, Saint-Gobain.
“Structus gives our business three vital elements — a dedicated employee base committed to driving innovation every day, a tremendous product portfolio, and above all else, an entrepreneurial and customer-focused spirit,” said Dave Engelhardt, president of CertainTeed Gypsum.
“Driven by founder Tim Smythe and CEO Bill Scannell, Structus has ushered in a new technological era, revolutionizing the way the building industry designs and constructs wall systems. And, as a private-label partner for the last six years, this purchase is a natural fit for our company and our future.”
Smythe said, “When I considered selling the business a number of months ago, I wanted to find a buyer who shared my vision for making products better and making the job of the drywall installer easier. I found it in a partner I can trust — CertainTeed Gypsum, a partner committed not only to products, but to our people, our culture, and our vision for the future. In addition, I’m extremely grateful to Zachary Scott & Co, a trusted financial advisor to our shareholders for nearly a decade, who has been a key partner in this sale transaction.”
Structus includes a single manufacturing location in Bend, Ore., with 60 employees. Terms of the agreement were not disclosed.
The acquisition opens additional opportunities for Structus products to be sold through CertainTeed Gypsum’s sister businesses globally. CertainTeed Gypsum’s parent Saint-Gobain is the leading drywall manufacturer in the world.
For more information, visit www.certainteed.com.
More From 7/31/2015 on FacilitiesNet