MiTek Inc. announced through its subsidiary MiTek Holdings Inc. the acquisition of SidePlate Systems Inc., an innovator of high-performance steel frame connection technologies used in a wide range of construction applications.
All SidePlate associates will remain with the company, and Henry Gallart will continue to serve as president, along with Jared Adams remaining as senior vice president. SidePlate will operate as a separate company. “We are delighted to be part of the MiTek and Berkshire Hathaway team. SidePlate’s combination with MiTek will allow us to accelerate the commercialization and development of SidePlate’s connection technologies,” stated Gallart.
“The acquisition of SidePlate further extends the MiTek group’s field of interest into the commercial, institutional and heavy industrial construction markets and is a terrific addition to the MiTek family,” said Gene Toombs, chairman and CEO of MiTek. “The planned enhancements to infrastructure in the U.S., along with more stringent requirements for resilient structures, make this a current and forward-thinking solution for multi-hazard design applications.”
Developed in direct response to the devastation caused by the 1994 Northridge earthquake, SidePlate’s technologies are ingeniously designed to protect structures against natural and manmade disasters, including earthquakes, blast attacks and progressive collapse. SidePlate’s solutions are backed by full-scale laboratory testing for earthquake applications, as well as unprecedented testing for blast and progressive collapse.
Mitek Acquires Sideplate Systems Inc.
May 11, 2009