Tomkins Acquires Air Systems Business
Milcor is a multi-brand manufacturer of building products, selling to the United States residential and commercial construction markets. Its brands include Milcor, Lima Register, Leigh, Portals Plus, and RPS (Roof Products Systems).
Milcor's product range includes residential grilles, registers and diffusers (GRDs), heat and smoke vents for use in commercial building construction, and products for the commercial roofing industry. It also has an exclusive purchasing agreement with C-Land, a Chinese manufacturer of GRDs. Milcor has annual sales of $47 million.
The Milcor brands will be retained and the operations integrated into the group's residential air systems business, Hart & Cooley.
"This acquisition provides us with strong product and customer synergies, expands our distribution capability in both the wholesale and retail segments, and adds a new, complementary product line to our existing range," said Gary Henry, president of Hart & Cooley. "Strategically, Milcor also provides us with an important manufacturing capability in Asia."
Publication date: 02/14/2005