Apr 2 2010
Dayton Superior Corporation, the leading North American provider of specialized products for the nonresidential concrete construction market, today announced that it has reached an agreement to sell its Dur-O-Wal line of masonry construction products to Hohmann & Barnard, Inc., a subsidiary of MiTek, Inc. The agreement provides for the transfer of the Dur-O-Wal business to Hohmann & Barnard effective April 23, 2010, and will result in the closure of Dayton Superior’s Aurora, Illinois, manufacturing facility. The transaction is subject to customary closing conditions. Terms of the sale are not being disclosed.
"With this divestiture of our Dur-O-Wal product line, our management team and employees will focus on pursuing the growth opportunities related to our core product lines; those that are concrete construction related," said Rick Zimmerman, President and Chief Executive Officer. "This more focused business model will provide better transparency into our concrete products operations and improved liquidity for expansion as we operationalize our strategic plan. We will continue manufacturing and distributing concrete accessories, formworks and chemicals, and we remain focused on providing outstanding product support and customer service."
Source: http://www.daytonsuperior.com/