Fen-Tech Sold to Local GroupJanuary 21st, 2011 | Category: Industry News
Vinyl window manufacturer Fen-Tech, based in Superior, Wis., has a new owner–Superior-based Bachand Group Property Management. Bachand’s Pat Heytens serves as the new president of Fen-Tech, and he spoke to DWM magazine today to offer further details regarding the sale.
He and his two partners had purchased Fen-Tech windows for a project they were working on, and through that purchase, became familiar with the company, including Fen-Tech president Mike Mirau and operations manager Gary Flyen.
“The time was right for both sides and led to the sale,” says Heytens.
For Bachand Group, Heytens says prior to this purchase the company was locally focused and was looking for a way to expand nationally.
“We were looking to grow in a way that would allow us to have the entire United States as our market,” he says. “I’m a real technical guy. I like that Fen-Tech embraces technology.”
Heyten does add that there are possibilities to expand into other vinyl markets such as decking, railing, etc., but stresses that the company will remain focused on doors and windows.
“To be honest we are pretty much open to ideas,” says Heytens. “But the bread and butter of Fen-Tech has been windows and doors and we certainly don’t want to change that.”
Organizationally, Heytens says Gary Flyen, former co-owner, will remain with the company in plant operations. Flyen’s former co-owner Mike Mirau will move from president to consultant. Mike’s son, Matthew Mirau, will continue with Fen-Tech as national sales manager.
“It is business as usual,” says Heytens. “There will be no changes as far as servicing our customers.”
While the Bachand Group saw opportunities in Fen-Tech, the fact remains that many companies in the door and window market are struggling, so some may wonder: why buy now?
“We liked the way that Fen-Tech did business, and we liked their business plan.” says Heytens. “We were a consumer of windows so we were at the other end of the chain. My partners and I have been in the building industry for 25 years and we liked the trends in vinyl and the markets they are in.”