Phillips Manufacturing Acquires Assets

Online, February 28, 2010 (Newswire.com) - Media Contact:
Michelle Erickson
Marketing Manager
Phillips Manufacturing Co
4949 S 30th Street
Omaha, NE 68107
P: 402-339-3800
[email protected]

OMAHA, Neb., March 1, 2010 - Omaha-based Phillips Manufacturing Co. has acquired the corner cap assets of California-based Pla-Cor® on March 1, 2010. Phillips Manufacturing, a national manufacturer of drywall finishing and framing components has taken over the corner and transition cap assets of Pla-Cor®. This acquisition includes all rights, patents and equipment providing over 50 additional profiles to Phillips' product line.

George Kubat, President and CEO of Phillips Manufacturing Co., anticipates this acquisition to be advantageous to its customers, "The high quality, complete lines of corner caps, transition adapters and accessories was acquired in an effort to grow our extensive offering of drywall finishing accessories. The decision to acquire a competitor comes at a time of uncertainty relative to the economy and general construction market activity, but it really comes down to the realization that it is ultimately our customers who will benefit from a broader range of products and services."

Since its establishment in 1955, Phillips has continued to grow and introduce product solutions to the construction industry. Recently Phillips expanded its reach within the big box retail market such as Home Depot and Menards, and currently Home Depot offers Phillips products to home builders on homedepot.com. The current acquisition of Pla-Cor's® corner and transition cap assets has now expanded Phillips' product line by more than 50 profiles.

Phillips Manufacturing Co. is a national single source manufacturer for all drywall finishing beads and trims, channels and framing components, as well as stucco accessories. Headquartered in Omaha, NE, Phillips is an established national leader in the industry, providing innovative and efficient solutions to the construction market. Phillips Manufacturing is privately owned and operated and continues to lead the industry in innovation while maintaining the highest fabrication standards. To learn more about Phillips Manufacturing Co., visit Phillipsmfg.com.

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