10-Mar-2011
Chesterfield, MO – MiTek has announced its purchase of USP Structural Connectors from Gibraltar Industries, Inc. With headquarters in Burnsville, MN, USP designs, engineers and is a leading manufacturer of structural framing and bracing connectors sold into the residential and light commercial industry.
Established in 1954, USP’s structural connector products are sold throughout North America and are used in the new construction, remodeling, and DIY (“Do-It-Yourself”) segments. Through its multiple sales channels, including professional distribution, national building material supply companies and home centers, USP is able to effectively support builders, contractors and professional designers.
“Our longstanding relationship with Gibraltar and USP was instrumental in bringing this transaction together, and I could not be more pleased with the outcome” said Gene Toombs, MiTek Chairman.
“USP is a terrific fit with MiTek, and we know the business and its team are now well positioned to capitalize on the overall strength of MiTek in the construction industry” said Brian Lipke, Gibraltar Chairman and Chief Executive Officer.
“This great addition combines the diverse product line and innovation of USP with the commitment and depth of MiTek” said Tom Manenti, MiTek President and Chief Executive Officer. “Along with SAPPHIRETM, our industry-leading whole-house engineering software, MiTek now has the capability to supply structural framing and bracing solutions that satisfy all critical aspects of a wood-framed building, from the roof to the foundation.” Given its importance to the overall business, MiTek said the USP operation will report directly to Tom Manenti.
About Gibraltar
Gibraltar serves customers in a variety of industries in all 50 states and throughout the world from facilities in the United States, Canada, England, Germany, and Poland. Gibraltar’s common stock is a component of the S&P SmallCap 600 and the Russell 2000 Index. http://www.gibraltar1.com.
About MiTek
MiTek, a subsidiary of Berkshire Hathaway, Inc., is the world’s leading supplier of products and services to the building components industry. With operations on six continents, MiTek companies develop and sell products and services in the residential, commercial, industrial and institutional construction markets. Visit www.mitek-us.com for more information.