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ClarkDietrich Acquires 50 Percent Ownership Stake in Structa Wire Corp

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ClarkDietrich Acquires 50 Percent Ownership Stake in Structa Wire Corp

PR Newswire

WEST CHESTER, Ohio, Aug. 2, 2018 /PRNewswire/ -- ClarkDietrich, the largest manufacturer of cold-formed steel framing construction products in North America, announced today that the company has acquired 50 percent ownership interest in Structa Wire Corp, a manufacturer of high-performance welded wire products for the lath and plaster industry.

Based in Vancouver, BC, Structa Wire, was founded by Abe and Jeff Sacks more than 20 years ago. Today, the company designs and manufactures a comprehensive line of products developed to improve the performance of stucco for steel and wood-framed construction, including popular brands such as StructaLath, MegaLath and Structa Corner. 

"Structa Wire has a long-established company culture founded in product innovation and quality manufacturing, making them the perfect addition to our family of companies," said Jim Collins, President, ClarkDietrich. "We look forward to fully integrating Structa Wire's high-performance products into our existing portfolio of solutions for stucco wall applications."   

As part of the acquisition, the company will continue to be managed by Structa Wire employees.  

"I am very excited about the prospects for growth and development going forward," said Jeff Sacks, CEO, Structa Wire Corp. "This partnership will allow us to continue to innovate on an accelerated tempo and strengthen the culture of both companies," added Abe Sacks, Chairman.

ClarkDietrich has served as a strategic partner for Structa Wire since 2012 when the two companies announced a distribution agreement, in which ClarkDietrich provided full sales support and delivery of Structa Wire products to 40 states across the United States.  For more information, visit www.clarkdietrich.com.

About ClarkDietrich®
ClarkDietrich® is the leading manufacturer of a full line of drywall studs and accessories, structural studs and joists, metal lath and accessories, shaft wall studs and track, interior and exterior finishing products, and connectors and accessories for commercial and residential construction. Quality manufacturing, a full-line offering, national distribution, engineering services and responsive customer service position ClarkDietrich as the largest manufacturer of cold-formed steel framing in North America. Clarkwestern Dietrich Building Systems is a 75/25 joint venture with Marubeni-Itochu Steel America Inc. (MISA) and Worthington Industries, Inc. For more information, visit www.clarkdietrich.com.

About Structa Wire
Structa Wire is driven to enhance the performance of stucco. As a recognized industry leader, they deliver technically superior products and exceptional service.

Since 1999, innovative, patented products with cold-rolled wire have been elevating the efficiency, structural integrity, aesthetic beauty and profitability for residential and commercial construction projects across North America.  For more information, visit www.structawire.com.

For more information contact:
Jenny Hull, ClarkDietrich
513.857.4406
jenny.hull@clarkdietrich.com
Twitter: @clarkdietrich  

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SOURCE ClarkDietrich

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