EHOLDINGS WILL NOT ACQUIRE KOVCO COMPONENTSEHolding Technologies, Inc. late last month announced it has ended discussions to acquire California-based Kavco Construction Components, Inc., currently doing business as Precise Panel of Southern California. Kavco, a privately held company, is a builder of homes featuring structural insulated panels and a fabricator of SIPs.
“Over the past two weeks, it became clear that we had to put all our resources at this time into developing the market in the Midwest states,” said Doug Hamby, CEO of eHoldings Technologies. Instead, eHoldings will be putting its efforts on a recently approved licensing and technical services pact with Idaho-based Precision Panel Structures.
“Kavco is a good company with a good future. We know it will do will in theis constantly growing marketplace for SIP construction,” Hamby said.