Wismarq Corp. an Oconomowoc-based firm that specializes in coatings for coiled metals, has reached an agreement to acquire the coil painting assets of North Carolina-based Ply Gem Industries, which are based in Valencia, Penn. No terms of the acquisition were disclosed.
The transaction is expected to close at the end of this month.
The Ply Gem facilities in Pennsylvania primarily serve the residential aluminum and steel building products, which Wismarq’s facilities in Oconomowoc and Franklin Park, Ill. also serve. Wimarq also services the lighting, automotive, HVAC, office products and appliance markets.
Wismarq has about 115 employees in its Wisconsin and Illinois facilities. The Ply Gem facility has about 33 workers, and Wismarq plans to retain most of them, said Charles Terrizzi, chief executive officer.
Tirrizzi owns Wismarq with his wife, Jan Terrizzi, who is also the company’s president.
Wismarq’s facilities in Oconomowoc and Franklin Park are 85,000 and 110,000 square feet, respectively. The Pennsylvania facility is about 175,000 square feet.
“Their painting capability (attracted us),” he said. “We paint metal for people. This will give us the capability to paint strips wider, and they’re geographically closer to the East coast, which is important because of freight costs today.”
