Fypon to Merge With Therma-Tru DoorsOctober 15th, 2009 by Editor
Fortune Brands Home & Hardware announced recently that it will integrate the operations of its Fypon brand into its Therma-Tru Doors business. The integration will result in significant cost efficiencies and sales synergies in a persistently challenging residential housing market, according to the two companies. Fypon, supplier of urethane millwork, is based in Archbold, Ohio. Therma-Tru Doors, supplier of residential entry doors, is headquartered in Maumee, Ohio.
“The merger brings two great brands together and offers the best opportunity to grow the Fypon brand” said Tom Riscili, president of Fypon. “A key benefit of this merger is that Fypon will now have national sales coverage provided by the Therma-Tru sales team enhanced by several members of our Fypon sales team.”
As a result of the merger, many of the Fypon corporate departments in Archbold will be integrated within Therma-Tru and relocate to either Maumee or Therma-Tru’s manufacturing facility in Butler, Indiana. The full integration is planned to be completed by the end of the first quarter of 2010.
The Fypon brand will remain and the Archbold facility will continue to operate and the brand’s customer service team will remain here. All distribution, fabrication, quick-rail and column wrap activities will continue to operate at the Archbold facility.
Fypon will relocate the small percentage of polyurethane (PUR) production performed in Archbold to the company’s Yantai, China location. This decision will result in approximately 30 salaried positions and 19 hourly jobs being eliminated, according to the company.
“I understand and regret that these decisions will impact many of our loyal employees and their families,” says Riscili. “As always, Fypon is committed to providing all of our employees with fair and respectful treatment. We will offer transition assistance as well as job search training for any employees who will be affected by the merger. This decision is in no way reflective of the efforts or commitment of our Fypon employees.”