March 28, 2002
For immediate Release
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| Principals
of Woodgrain Millwork® and T.M. Cobb Purchase CraftMaster Manufacturing, Inc., Net
CraftMaster Door Designs and MiraTEC Composite Trim Brand |
CraftMaster Manufacturing to Act as Stand Alone Company
Fruitland ? March 28, 2002 ? Woodgrain Millwork, one of the nation?s largest manufacturer of products for the millwork industry and T.M. Cobb, both privately held building products companies, have purchased CraftMaster Manufacturing, Inc., the Chicago-based manufacturer of
CraftMaster® Door Designs and
MiraTEC® Treated Exterior Composite Trim.
CraftMaster Manufacturing, Inc., will maintain its headquarters in Chicago with manufacturing at its Towanda, Pa. facility. Woodgrain Millwork, a vertically integrated company, headquartered in Fruitland, Idaho, is one of the largest millwork manufacturers in the world, producing doors, windows, mouldings and other millwork components. T. M. Cobb is a building products manufacturer and distributor of doors, windows and millwork, based in Riverside, California.
Speaking to the enduring legacy of the CraftMaster brand, Kelly Dame, executive vice president of Woodgrain Millwork, says, ?Our future represents an opportunity to leverage the incredible equity of the CraftMaster and MiraTEC brands, as well as to explore new markets and new products.?
The jewel of the acquisition is the Towanda manufacturing facility, where the technology for CraftMaster was first developed in 1974 and where MiraTEC trim has been produced since 1999. According to Bob Merrill, president and general manager of CraftMaster Manufacturing, Inc., Towanda?s more than 500 employees will continue to play an integral role in the company?s future.
?Towanda is home to the process that first created CraftMaster, the world?s leading brand of raised-panel interior door designs, and more recently the patented process which creates MiraTEC, which has quickly become the preferred choice of composite trim among home builders and remodelers,? added Merrill. ?Through this facility, we?re continuing to develop innovative product extensions that will further expand our interests in the building products field, while specifically catering to the needs of our existing customers. We?re very excited about our prospects for growth in 2002 and beyond.?
?The CraftMaster and MiraTEC brands represent tremendous value and integrity in the building products market,? said Jeff Cobb, vice-president of T.M. Cobb. ?These well-known brands will anchor CraftMaster Manufacturing as a stand-alone business, and tremendously enhance our overall product offering to the residential and commercial building industry.?
CraftMaster is the leading brand of interior door designs offered worldwide and is a recognized brand name in many countries throughout the world. CMI?s products include MiraTEC trim as well as all the original and authentic raised-panel designs in the CraftMaster Door Designs family,
including the original six-panel Colonist®; four-panel square top
Coventry®; four-panel, arched-top
Carmelle®; three-panel
Clermont®; two-panel
Classique®/Cremona®curved top, and the two-panel, square-top Carrara? design.
For
additional information, call 1-800-405-2233 for CraftMaster Door Designs and 1-800-255-0785 for MiraTEC Treated Exterior Composite
Trim; or visit the brand Web sites at www.craftmasterdoordesigns.com
and www.miratectrim.com,
respectively.
Woodgrain Millwork has steadily grown to an industry leader in the manufacturing of wood products. With vertical integrated forest operations in South America, and over 22 manufacturing and warehouse facilities in United States and South America, the company serves markets throughout North America. Woodgrain Millwork brands include Windsor Windows and Doors, a manufacturer of high-quality wood and vinyl windows, Decra Mold, a leader in the decorative moulding industry, MillSource, a leading millwork distribution company and Woodgrain Doors, the largest manufacturer of Pine doors in the world. For the Woodgrain Millwork product distributor near you, call 1.800.452.3801 or visit the web site at www.woodgrain.com.
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CraftMaster, Coventry, Colonist, Cremona, Classique and MiraTEC are registered trademarks of CMI. Carrara is a trademark of CMI. Woodgrain
Millwork and MillSource are registered trademarks of Woodgrain Millwork, Fruitland, Idaho, USA. Windsor Windows and Doors and Decra Mold are trademarks of Woodgrain Millwork, Fruitland, Idaho, USA.
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