Dallas-based Overhead Door Corp. has completed its purchase of the door and storm-panel operations of Wayne-Dalton Corp., based in southern Ohio. Here we go folks!
The deal creates the largest maker and distributor of residential and commercial overhead doors in North America, with a combined 3,800 employees, 24 manufacturing facilities, 79 regional distribution centers and 2008 revenue of about $1 billion. For now. We’ll see how long it lasts until they start laying off people and closing facilities due to overlap.
Overhead Door, said in a statement the acquisition would enhance the company’s position within the residential and commercial door market and help ensure long-term growth. It also will allow both groups to continue to focus on product innovations that will generate better and feature-rich products for the marketplace. Unlikely.
As part of the integration, the brand identities, product lines and distribution channels of both Overhead Door and Wayne-Dalton will be preserved. We’ll see if that happens. It’s been attempted before and never lasted. Turned out to be a fiasco.