MiTek Industries Inc., supplier of engineered connector products, equipment, software and services for the residential building components industry, has announced that it will acquire full ownership of Aegis Metal Framing LLC, provider of pre-fabricated cold-formed steel framing products. Terms of the deal were not disclosed.
Aegis was launched in 2002 as a joint venture of Dietrich Metal Framing and
MiTek. When this transaction closes in early January 2009, Aegis will become a
wholly owned division of MiTek. The entire Aegis team will remain in place to
support continuing operations and capitalize on growth opportunities as the
commercial construction market recovers.
“We are delighted to solidify our relationship with Aegis even further as a
part of the MiTek family of companies,” said Gene Toombs, chairman and CEO of
MiTek. “Our six-year relationship with Aegis has resulted in a thorough
understanding of the company’s products and services. We share many of the same
customers and are confident this acquisition will benefit everyone involved.”