North American Specialty Laminations Acquires Haida IndustriesOctober 1st, 2021 by Editor
On the heels of its inaugural investment, the assets of SourceCut Industries, Inc., North American Specialty Laminations (American Laminations), a platform company of the investment firm Building Industry Partners (BIP), has acquired Haida Industries (Haida) out of Sparks, Nev. Going forward, Haida will operate as SourceCut West. SourceCut Industries is an expert in window, millwork & building product component profile wrapping, and is headquartered in Osseo, Wis.
“We are honored and thrilled to welcome Haida into the American Laminations family of businesses as the second investment in our platform, operating as SourceCut West. Put simply, our customers have national distribution needs and reach, and we are expanding to accommodate these needs,” said Ted Rock, American Laminations CEO.
Launched in September, American Laminations invests in and grows companies that manufacture and manipulate specialty substrates and laminate and wrap component profiles for customers in the window, door, flooring, specialty millwork, and cabinet and casegoods markets.
“Geographic expansion was an impetus for partnering with BIP to create American Laminations and this acquisition is a critical first step. We look forward to further expansion,” added Brad Wiedenheoft, the founder of SourceCut and the CRO of American Laminations.
The expansion to Nevada establishes a Western manufacturing and distribution hub for SourceCut, enabling the American Laminations platform of companies to service building products companies in the Western United States.
“Reno is a location we identified as attractive because it allows SourceCut to serve the West (U.S.). Consumers are demanding color and cost-effective and environmentally friendly solutions. Profile wrapping for building product manufacturers meets these interests,” said Pat Mascia, partner at BIP.