Pella Expands in Luxury Market with New Acquisition

November 2nd, 2016 by Tara Taffera
Duratherm will fit well into Pella's Luxury Collection.

Duratherm will fit well into Pella’s Luxury Collection.

Pella Corp. announced on Wednesday the acquisition of Duratherm Windows Corp., a manufacturer and designer of high-quality, custom hardwood doors and windows. The deal will round out Pella’s presence in the luxury market, while allowing it to expand its geographic footprint on both coasts.

“We’ve acquired Duratherm for Duratherm,” said Tim Yaggi, president and CEO of Pella Corp. “Our goal is to support their endeavors and help the team do more of what they already do exceptionally well.”

Duratherm Window will remain under the leadership of Tim Downing, president, and maintain its brand and attention in the luxury marketplace. Over time, Duratherm will be integrated into the Pella Crafted Luxury collection, which is showcased in the 7,000-square-foot showroom in LuxeHome at Chicago’s Merchandise Mart.

“It was a pleasant surprise to me when I received a call from Pella, especially since I wasn’t actively seeking to sell the business,” said Downing. “This partnership creates exciting possibilities for Duratherm. With Pella’s involvement, we will continue to be trailblazers within the architectural community and grow.”

This is the third acquisition for Pella during the past two years, which includes Grabill Windows & Doors, acquired in 2015, and Reilly Windows & Doors, in July 2016. Duratherm’s facility in Vassalboro, Maine, is about 11 miles north of the state capital, Augusta, and now increases Pella’s manufacturing locations to 13 throughout the United States.

The terms of the sale will not be disclosed as Pella and Duratherm are both privately held companies.

 

 

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