Sparks, NV—North American Specialty Laminations—which refers to itself as American Laminations—acquired Haida Industries LLC, a moulding and millwork firm located in Sparks, NV.
The acquisition by American Laminations expands its geographic manufacturing and distribution footprint to serve customers in the western U.S. Haida represents American Laminations’ second acquisition, following SourceCut Industries, of Osseo, WI.
Haida Industries officially began operating in the U.S. February, 2020, responding to a high demand for a third-party lamination company. Its sister company, Grupo Industrial Ferreti, is based in Mexico.
SourceCut and SourceCut West represent the cornerstone investments of investment firm Building Industry Partners’ building products component profile wrapping and specialty manufacturing platform. American Laminations was established as a business platform for building a national millwork business. Going forward, Haida will operate as SourceCut West. SourceCut Industries is an expert in window, millwork and building product component profile wrapping.
“Our customers have national distribution needs and reach, and we are expanding to accommodate these needs,” says American Laminations CEO Ted Rock, noting that the expansion to Nevada establishes a Western manufacturing and distribution hub for SourceCut and allows American Laminations platform of companies to service building products companies in the western U.S.
American Laminations says it is actively seeking to invest in companies that manufacture and fabricate specialty substrates, laminate, and wrap component profiles for customers in the window, door, flooring, specialty millwork, cabinetry, and casegoods markets. “Consumers are demanding color, and cost-effective and environmentally friendly solutions,” says Building Industry Partners exec Pat Mascia. “Profile wrapping for building product manufacturers meets these interests.”
Building Industry Partners is the leading private equity investment firm focused on the U.S. building industry. Founded by Matt Ogden in 2008, BIP is headquartered in Boston, with partners across the U.S. The firm is led by Ogden and partners Pat Mascia, Pete Robinson, and Stu Kliman.
Its portfolio includes United Cabinet Holdings, formed in 2012 to pursue acquisitions within the kitchen and bath cabinetry sector. United Cabinet acquired Touchstone Fine Cabinetry in 2012, and acquired Tru Cabinetry in 2013, now run in partnership with Butch Reimer and Allen Godziebieski. In 2011 it acquired Rugby Architectural Products, sold in 2016 to Hardwoods Distribution Inc.