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January 05, 2007
OMG Acquires Roofing Business from ITW Buildex
OMG, Inc. has just announced its acquisition of ITW Buildex's Roofing Business Segment. This business, based in Illinois, develops and manufactures fastening systems for the commercial roofing industry. The acquisition adds significant new products and capabilities for OMG.
Agawam, MA (PRWEB) January 4, 2007 -- OMG, Inc., a leading manufacturer of fasteners and building products for the commercial and residential construction industry, has just announced its acquisition of ITW Buildex's Roofing Business Segment. This business, based in Illinois, develops and manufactures fastening systems for the commercial roofing industry.
OMG, Inc. is a division of Handy & Harman. Handy & Harman is a wholly-owned subsidiary of WHX Corporation (Pink Sheets: WXCPK).
The acquisition demonstrates OMG's significant commitment to the commercial roofing industry and will add a suite of new products to their catalog, including AccuTrac™ Automated Insulation and Seam Attachment System, Polymer Batten Strip™ for membrane attachment, Eyehook Seam Plate and Reel-Fast™ Collated Seam Plates.
"Our integration of products from the ITW Buildex Roofing Business Segment significantly strengthens OMG's market position," says Hugh McGovern, President, OMG. "The addition of a Midwest manufacturing facility will also enable us to better serve customers in that region and throughout the United States."
OMG's new Chicago factory, previously maintained by ITW Buildex, will employ approximately 30 people and includes a full customer service center. No manufacturing layoffs are anticipated during the acquisition process. ITW Buildex is known for developing one of the first available roofing fasteners in the industry, and OMG plans to maintain existing product branding to ensure a seamless transition for customers.
OMG, Inc., is a world-class manufacturer and supplier of fasteners and components for the construction industry. For more information visit www.olyfast.com or call 1-800-633-3800.
Posted by Industrial-Manufacturing at January 5, 2007 03:15 AM