|
Fruitland-based
Woodgrain Millwork has acquired Kay-Wood Industries Inc., an
Oklahoma City maker of decorative moldings and blocks.
Kay-Wood does
business at Decra Mold. The company has 100 full-time
employees and about 40 temporary workers, a key employee there
said.
"This acquisition
fits well into Woodgrain's strategy because of the synergy we will
create through increased wood utilization and value-added
products," Woodgrain Executive Vice President Kelly Dame said
in a statement. A purchase price was not released.
The Decra Mold
name has been associated with high-quality decorative millwork,
according to Woodgrain.
"We
recognize the value this name has in the marketplace - that's why
Woodgrain is going to continue to use the name to market Decra
Mold's product lines," said Alex Mohr, corporate marketing
manager for Woodgrain. The new logo for the company will
incorporate the current logo, with the tagline, "A
Woodgrain Millwork Company," he said.
Decra Mold had
been providing decorative moldings and blocks to the building and
home improvement industry since 1954,
Its product
lines include embossed and adorned rope, and patterns of crown,
base, case and chair rail moldings. Decra Mold's
"No-Miter System" is a selection of rosette, base, chair
rail and plinth blocks that offer consumers a method to install
moldings with difficult mitering and coping cuts.
Molding and
interior door maker Woodgrain employs nearly 800 in Fruitland and
about 350 in Nampa. The
Fruitland millwork plant makes door and window parts, while the
Nampa plant makes mainly interior passageway doors.
Acquiring Decra
Mold enables Woodgrain to use its own wood resources to expand into
the manufacture of decorative, embossed molding, Mohr said in an
interview. For both companies, clients include
"big-box" retailers, he noted.
Woodgrain
had approximately tripled production capacity for alder doors since
the start of the year, and has developed additional prototypes that
will begin production soon, he said. Demand has been strong
since late last year, he added.
Privately
held Woodgrain is building a pine-door manufacturing plant in
south-central Chile, in a joint venture that will get Woodgrain
closer to a major source of the Radiate pine used in the premium
doors (IBR, 10-22-01). The plant, to be completed late
this year, will reduce costs and increase efficiency for Woodgrain
while enabling the Nampa plant to expand production of other types
of doors, the company said.
Mohr said
Woodgrain expects to start making bi-fold doors by July and louver
doors near the end of the year in the plant of 160,000 square feet
in Chile.
|