John Swanson, editor & associate publisher of Window & Door
Monday's announcement that Quanex was acquiring Edgetech was a bit of
a surprise on its own, but it also comes on the heels of four other
industry acquisitions announced during the first month of 2011. For
those of you not keeping track, Hurd has also acquired Superseal, a
local investor group bought Fen-Tech, a French company acquired Lapco in
Quebec and a private equity firm acquired Patio Enclosures Inc.
deal had its own circumstances and logic, I'm sure, but it's enough to
make you wonder if we're seeing the beginning of a trend. That's our
poll question of the week, and, as usual, I'd like to hear from you
too. Are these acquisitions a sign of an improving economy? An improving industry outlook? Or is all coincidence?
And what about the rest of 2011? Do you foresee more deals? Will more companies look to buy competitors? Will more look to buy companies that can help them expand into new territories or add new product lines? Will private equity groups take a greater interest in our industry? Post a comment or email me and let me know what you expect will be happening on the M&A front in the coming year.