- Big 50
Transaction expands OMG’s product offering to the commercial roofing industry
Agawam, MA – OMG, Inc. announced that a wholly owned subsidiary of OMG has acquired substantially all of the assets of the W.P. Hickman Company of Asheville, N.C. OMG is a leading manufacturer of fasteners and building products for commercial and residential construction applications. Terms of the transaction were not disclosed.
W.P. Hickman manufactures a wide variety of aesthetically pleasing code-compliant edge metal systems, fascia, coping, and gravel stops for low sloped roofing applications, as well as custom metal products. Its products are designed to provide protection against wind and water infiltration, and are used in diverse applications by end-users including Hilton Hotels, Hyundai, Coca-Cola, the Pepsi Center arena in Denver, and Red Robin and Applebee’s restaurants, among others. The new entity will conduct business as Hickman Engineered Systems, an OMG Roofing Products company.
“This acquisition is significant for OMG in several ways,” said Hubert McGovern, president and CEO of OMG. “In addition to adding a premier product line to our
commercial roofing portfolio, it strengthens our brand and enables us to bring increased value to our customers. Furthermore, the impressive new facility in Asheville will accommodate the long-term growth opportunities that we envision.
“We have a broad range of innovative and market-leading products including OlyFlow Drains, OlyBond Insulation Adhesives, the AccuTrac Fastening System and the RhinoBond Induction Welding system,” added McGovern. “Hickman gives us a complementary product line and another opportunity to deliver products that improve contractor productivity and enhance roof system performance.”
W.P. Hickman currently employs approximately 50 people in manufacturing, engineering and customer service. OMG will continue to operate the business from the existing facility in Asheville, NC.
About W.P. Hickman Company
The W.P. Hickman Company is a privately held business with more than 50 years of experience manufacturing metal roof edge systems. The company developed and patented the industry’s first multiple component edge “system” in 1960 and launched an industry. Hickman products are classified by Underwriters Laboratories for compliance with the ANSI/SPRI ES-1 standard as required by the IBC. Website: www.wph.com.
About OMG, Inc.
Headquartered in Agawam, Mass., OMG, Inc. is North America’s largest manufacturer of specialty fasteners and products for commercial and residential construction applications. The company operates two business units: OMG Roofing Products and FastenMaster. OMG is a subsidiary of Handy & Harman Group, Ltd., a wholly-owned subsidiary of Handy & Harman Ltd. Website: www.olyfast.com.
About Handy & Harman Ltd.
Handy & Harman Ltd. (NASDAQ [CM]: HNH) is a diversified manufacturer of engineered niche industrial products with leading market positions in many of the markets it serves. Through its operating subsidiaries, HNH focuses on high margin products and innovative technology and serves customers across a wide range of end markets. HNH's diverse product offerings are marketed throughout the United States and internationally. HNH's companies are organized into five business segments: Precious Metals, Tubing, Engineered Materials, Arlon Electronic Materials, and Kasco Blades and Route Repair Services. HNH is headquartered in White Plains, N.Y. Website: www.handyharman.com