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Acquisition accepted to aggrandize company’s portfolio of awful activity able architecture solutions for both bartering and residential applications

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WEST WARWICK, R.I. –(BUSINESS WIRE)

Expanding its charge to accouterment aerial quality, activity able architecture solutions in both bartering and residential markets, Dryvit Systems, Inc., the nation’s arch architect of Exterior Insulation and Finish Systems (EIFS), today appear the accretion of Nudura Corporation, the arch architect and benefactor of Insulated Concrete Forms (ICF) in North America.

As a allotment of the transaction, Nudura will become a stand-alone operating assemblage of Dryvit. Based in Ontario, Canada, Nudura has anniversary net sales in balance of $40 million. Terms of the transaction were not disclosed.

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“The accretion of Nudura reflects Dryvit’s all-around charge to accouterment the congenital ambiance with premium, activity saving, activity able architecture solutions to accommodated today’s charge for college assuming architecture envelopes,” said R. Michael Murphy, admiral and CEO of Dryvit Systems, Inc. “We are acutely admiring to be able to accommodate a high-quality, accurate ICF advantage to our already industry-leading arrangement of aerial performance, activity able and environmentally amenable architecture envelope systems.”

“We’re abundantly aflame about the synergies amid Nudura and Dryvit, which we intend to advantage to our customers’ benefit,” declared Murray Snider, who will abide to advance Nudura’s all-around advance as admiral advertisement anon to Michael Murphy. “Simply put, this is a noteworthy aing of two activating and avant-garde companies committed to bringing advanced cerebration solutions to the building, architecture and architecture sectors.”

Nudura provides four alternation of ICF bank systems, consisting of cream boards fabricated from broadcast polystyrene (EPS) and basic hinged artificial webs that authority both abandon of the boards together. It additionally offers a ambit of commutual architecture envelope products. A rapidly arising artefact in the architecture abstracts industry, ICFs accommodate added activity ability and above insulation compared to acceptable architecture methods.

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The aggregation has three strategically amid accomplishment plants and an all-encompassing arrangement of 260 locally based able distributors in key North American markets. Its patented articles are awash to architecture professionals, architects and contractors for residential and bartering applications. They are acclimated for the architecture of homes, bartering accessories and added structures. Nudura’s articles are added actuality adopted by educational and healthcare institutions, which amount barrio that are added aggressive to fire, hurricanes, earthquakes and flooding, and additionally action the befalling to lower heating and cooling costs.

About DryvitDryvit Systems, Inc. (www.dryvit.com) is the architect of the patented NewBrick and Outsulation®, the arch Exterior Insulation and Finish System (EIFS) in the U.S. Dryvit operates all North American accomplishment accessories to both ISO 9001-2015 and 14001:2015 standards. Dryvit is a affiliate of, and is actively affianced in, abounding accordant construction-related organizations such as AWCI, EIMA, NAHB, USGBC, ABAA, AIA and CSI. Dryvit works both apart and aural those organizations to advance activity able architecture methods that actualize jobs, abate assurance on non-renewable activity sources and abate the carbon brand of our nation’s buildings. Dryvit is headquartered in West Warwick, R.I., and has accomplishment accessories there as able-bodied as in Georgia, Oklahoma, California and Poland.

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For Dryvit Systems, Inc.Dante Bellini, Jr., [email protected]

Copyright Business Wire 2018

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