MEDFORD (WAOW) – A California managed woods products company said Tuesday that it has reached an agreement to purchase factories that make windows and doors in Medford and Merrill.
Sierra Pacific Industries of Anderson, Calif., said the acquisition of Hurd and Superseal Windows and Doors from Longroad Asset Management LLC was part of its long-range plans.
No purchase price was disclosed. The deal is expected to be completed by Aug. 1, a Sierra Pacific spokesman said.
“The addition of the skilled Hurd workforce combined with our lumber and millwork manufacturing capabilities will provide a strong base for our anticipated growth,” President George Emmerson said in a statement.
The acquisition will expand the sales and manufacturing capabilities of Sierra Pacific's window division beyond the western United States, he said.
Sierra Pacific plans to make additional capital investments in Hurd, whose assets were acquired by Longroad in 2008, he said. No details were released.
“Hurd's customers, dealers and employees can be assured that SPI will work with the Hurd brand to maintain its reputation for high level of product quality and industry-leading innovation,” Emmerson said.
Hurd President Dominic Truniger said the merger creates a leading wood window company that is “financially solid with outstanding long-term potential.”
For more than 90 years, Hurd, headquartered in Medford, has built custom wood windows and doors in Medford and Merrill. The Superseal brand features vinyl windows and doors made in Merrill.
The factories employ about 410 workers, and it is too early to say whether any new jobs will be created by the merger, said Mark Pawlicki, a spokesman for Sierra Pacific.
“We don't anticipate any job losses at this point,” he said in a telephone interview from California. “We are going to do a thorough assessment of how the companies will fit together.”
Sierra Pacific has about 4,000 workers, including 400 in its window division, Pawlicki said.
“We went through a very bad downtown in both the lumber market and the housing market, along with the rest of the economy, in 08-09,” he said. “We are gradually working our way out of it. We are seeing increases in housing starts. It is steady growth. We think it is a good time to buy.”
Sierra Pacific says it is a third-generation, family-owned forest products company that owns and manages nearly 1.9 million acres of timberland in California and Washington. It is the second largest lumber producer and the largest manufacturer of millwork in the United States.
Hurd products are sold through more than 400 distributors in the United States, Canada and 20 other countries.