Sources: Dryvit Systems Inc., West Warwick, R.I.; CP staff
Expanding its scope of energy-efficient building solutions for commercial and residential markets, Exterior Insulation and Finish Systems (EIFS) leader Dryvit has acquired Nudura Corp., a major insulating concrete form manufacturer and distributor. Ontario-based Nudura will be a stand-alone unit of Dryvit, which along with EIFS has developed NewBrick, an insulated clay brick-styled veneer product. Both businesses are part of RPM Specialty Products, one of three groups under Medina, Ohio-based RPM International—parent of admixture producer Euclid Chemical (RPM Industrial).
“The acquisition of Nudura reflects [a] global commitment to providing the built environment with premium, labor saving, energy-efficient solutions to meet today’s need for higher performing building envelopes,” says Dryvit CEO R. Michael Murphy. “We are extremely pleased to be able to integrate a high-quality, proven ICF option to our already industry-leading array of high performance, environmentally responsible systems.”
“This is a noteworthy joining of two dynamic and innovative companies committed to bringing forward thinking solutions to the building, design and construction sectors,” adds Murray Snider, who will continue to lead Nudura’s global growth as president and report directly to Murphy.
Nudura offers four series of ICF wall systems consisting of expanded polystyrene boards and integral hinged plastic webs that hold both sides of the boards together, plus a range of complementary building envelope products. The company has three manufacturing plants and an extensive network of 260 professional distributors in key North American markets.
“Nudura is an excellent strategic fit that offers several key competitive advantages for Dryvit. Its product line will complement and expand Dryvit’s existing offering, allowing for enhanced cross-selling opportunities,” affirms RPM Chairman Frank Sullivan. “At the same time, Nudura’s manufacturing footprint will be leveraged for efficiencies in the manufacturing of Dryvit’s NewBrick product, as well as products of other companies within our Specialty Products Group.”