Vorteq Acquires Wheeling Service & Supply
Company Also Names Mark Sherwin To Board Of Directors
Pittsburgh, PA - Vorteq Coil Finishers LLC, a provider of coil coating services for metal products, has announced the acquisition of the assets of Wheeling Services & Supply, Inc. Headquartered in Woodstock, IL, Wheeling is a producer of pre-painted aluminum products serving the residential building and construction market, with a five-decade operating history. As part of the transaction, the Wheeling operation will be renamed Vorteq Woodstock LLC. Terms of the acquisition were not disclosed.
The Wheeling acquisition will increase Vorteq’s production capacity and ability to service its residential building products customers across the Midwest. Now the third largest independent coil coater in the nation—with eight continuous coil coating lines—Vorteq continues to execute upon its strategic vision to broaden its processing capabilities to better service its diverse, multi-regional customer base. As part of the transaction, Vorteq will acquire Wheeling’s proprietary P.V.S. product line, which the company intends to expand domestically and internationally. Finally, Wheeling will deepen Vorteq’s slitting capabilities and provide the company with an outstanding cut-to-length line that will allow it to provide sheeting services to its customers.
In other news, Vorteq announced that Mark Sherwin has joined the company’s board of directors. Sherwin served as the President of CENTRIA, a designer, developer and manufacturer of architectural metal wall and roof systems, from 1996 to 2013. Sherwin will assist Vorteq in implementing its ambitious strategic plan and has deep understanding of coil coating given his decades of experience in metal manufacturing and processing.
“The addition of the Wheeling assets to the Vorteq portfolio is a logical follow-up to our highly successful 2016 acquisition of Prior Coated Metals,” says Jim Dockey, Vorteq’s Chief Executive Officer. “The transaction will enable Vorteq to better serve its gutter coil and residential building product customers, and we look forward to leveraging the enormous potential of P.V.S. with our sales force. Also, I could not be more excited to have Mark Sherwin join our Board. Mark has been a mentor to me during my career, and he has the perfect background to assist us in accelerating our excellent growth trajectory.”
Matt Homme, Managing Director of Peninsula Pacific, which holds a majority interest in Vorteq, adds, “We believe that the Wheeling acquisition is a highly compelling and attractive acquisition for Vorteq as it continues to successfully implement its ambitious strategic plan. Peninsula Pacific will continue to support Jim and his excellent team as the company looks to further deepen its processing capabilities and expand geographically.”
Stephen Alarcon, Vice President of Peninsula Pacific, added: “P.V.S is a proprietary product for the HVAC market that Vorteq intends to expand significantly. This highly attractive offering, along with Wheeling’s differentiated slitting and cut-to-length capabilities, will deepen Vorteq’s service offering to its diversified and discerning customer base.”
About Vorteq Coil Finishers
Vorteq Coil Finishers offers aluminum and steel coil coating services for building products and other markets. For more information, visit www.vorteqcoil.com.