Overhead Door Corp. completed its acquisition of Wayne-Dalton’s residential and commercial door business, as well as their Fabric-Shield® storm panel business, based in North America and Europe.

“As we reviewed our options for long-term growth and enhancing our position within the residential and commercial door businesses, we could not identify a better partner than Wayne-Dalton,” says Dennis Stone, president and chief executive officer of Overhead Door.

Overhead Door will maintain both Overhead Door and Wayne-Dalton’s brand identities, product lines and distribution channels. The combined company will capitalize on its efficient, strategically located production facilities and distribution networks covering all 50 US states, Canada, Mexico and Europe. This will further enhance service to all customers, including national builders, major retailers, architects, general contractors, homeowners, property owners and the distributors and dealers of the Overhead Door, Wayne-Dalton and Genie branded products, according to the company.

“Overhead Door approached this acquisition with a strong business model and solid balance sheet, built on effective cost and asset management practices,” says Paul Lehmann, vice president and chief financial officer of Overhead Door. “This combination not only strengthens the market position of the company, it enhances the financial strength of Overhead Door. Synergies inherent in the prospective integration of the business operations will improve the company’s ability to withstand the current and future downturns in the construction industry while continuing to make further investments that will benefit its customers and owners.”

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