M-D Building Products buys manufacturing firm
The longtime Oklahoma City manufacturing company expands with purchase of South Carolina firm with 800 employees and nine manufacturing and distribution facilities.
Loxcreen has the capacity to manufacture 30 million pounds of aluminum products each year, including building products such as storm doors and window screens. The company also has the ability to extrude up to 15 million pounds of plastic each year.
Loxcreen has manufacturing plants in South Carolina, Missouri, Ontario, Georgia and Oregon and distribution facilities in Texas, Ohio, Missouri and South Carolina.
The Loxcreen acquisition will compliment M-D's existing manufacturing and distribution centers in Oklahoma City and Georgia.
The sale to M-D made sense to Loxcreen, because of the two companies' similar histories and goals, Loxcreen CEO Wayne Parrish said in a statement.
“M-D Building Products has a rich history of engineering and manufacturing expertise and producing market-leading products, particularly in the weatherization category,” Parrish said. “The company is a superbly run operation, and they always have been a tough, but fair, competitor.”
M-D building products began in Oklahoma City in 1920 as the Macklanburg-Duncan Co.
Plotkin is the majority shareholder in the company and led a 2007 buyout of the founding Macklanburg family that had run the company for three generations.