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Continental Materials Corp Acquires Serenity Sliding Door Systems and Fastrac Building Supply
Wednesday 22 May 2019

22 May 2019 - US-based building materials manufacturer Continental Materials Corp. (NYSE American: CUO) has closed acquisition of Serenity Sliding Door Systems and Fastrac Building Supply, both based in Colorado Springs, Colorado, the company said.

This marks the first acquisition for CMC since 2001 as its new strategy of growth through acquisition of family-owned manufacturing companies begins to take shape.

Serenity is a proprietary sliding door system providing superior sound attenuation, sold primarily into healthcare markets across the country.

Fastrac is a supplier of commercial doors and hardware to healthcare and hospitality customers across the country and will become part of McKinney Door and Hardware, a portfolio company of CMC.

Dan Sardi, the founder of Serenity and Fastrac, remains as president of Serenity, and will continue to drive adoption of this innovative space-saving solution for architects, contractors and facility owners.

Terms of the transaction were not disclosed.

Founded in 1954, Continental Materials Corp. is a public holding company with subsidiaries in industrial and residential heating and cooling manufacturing, commercial door distribution and manufacturing and aggregates mining and processing.

Headquartered in Chicago, IL, CMC employs approx. 420 employees across the US.
Details
Date Published: 22/05/2019
Target: Serenity Sliding Door Systems and Fastrac Building Supply
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Continental Materials Corp
Comment:
Terms of the deal were not disclosed

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