A buyer for Harvey Building Products
Harvey Industries Inc., doing business as Harvey Building Products, has been sold to Dunes Point Capital (DPC).
Harvey is a manufacturer and distributor of premium windows, as well as a wholesale distributor of a broad range of exterior building products.
“Since its founding by the Bigony and Morrison families, Harvey has become the leading independent building products distributor and manufacturer in the Northeast with a well-recognized and valuable brand name,” said Mike Hogan, a managing director in Harris Williams & Co.'s Building Products Group. “The sale of Harvey is indicative of the continued strong interest from private equity groups and strategic buyers in the building products sector.”
Management as well as members of the Bigony and Morrison families will continue to be meaningful investors in the business.
The transaction was led by Mike Hogan, Ryan Nelson and Trey Packard of Harris Williams & Co.’s Building Products Group, and Jay Hernandez and Brandt Carr of the firm’s Industrials Group.
“It has been a pleasure working with both families and the company’s management team,” added Jay Hernandez, a director at Harris Williams & Co. “We are excited to see the company, with the support of its new partner, build on its leading market position and continue its strong track record of growth.”
Founded in 1961 and headquartered in Waltham, Massachusetts, Harvey is a vertically integrated manufacturer of windows, doors and porch enclosures and a full-line distributor of wholesale exterior building products. Serving customers directly in the Northeast, the company has approximately 1,500 employees and operates two manufacturing facilities, 33 warehouse locations and 13 product showrooms.
Is the kitchen the ‘smartest’ room in the house?
The Internet of Things will be served at the first ever Smart Kitchen Summit coming to Seattle in November. Faucet Moen will take part as a sponsor, and as presenter for the event described as a get-together for visionaries from the worlds of culinary, smart home, appliance and commerce.
“The relevance of the digital home is something that Moen’s been closely watching for a few years,” said Jack Suvak, senior director of consumer and market insights for Moen. “Not only have we investigated how consumers interact with ‘smart’ items in their homes today, but we’ve also sought out where they’d like to see technology integrated within their dwellings in the future, like the kitchen. We’re looking forward to coming together with other brands and individuals to discuss today’s smart kitchen and how it will change the way this space is utilized.”
Suvak will participate on a panel discussing how homeowners are responding to connected living in the kitchen.
In an announcement for the event, the kitchen is also described as the “most important room in the house.”
The Smart Kitchen Summit will bring together start-ups, leaders and innovators for a daylong event on Nov. 5, 2015, at Seattle’s Sodo Park. The Smart Kitchen Summit is the premiere event from NextMarket Insights, founded by Michael Wolf, former VP research for GigaOM, and a respected speaker on the Internet of Things.
Merillat Cabinetry adds a touch of grey
Merillat Cabinetry has expanded its color options to include Shale, a new grey paint that's in line with customer demands.
Available as of Sept. 21, Shale was developed in response to increasing demand for strong base colors.
"Grey is consistently the number one requested item by both designers and principals," says Lori Lewandowski, design services manager at Merillat Cabinetry. "We spoke with our customers. We listened to what they wanted. And we believe we have successfully fulfilled their needs with Shale."
"Grey is becoming the 'new neutral'," added Lewandowski. "Shale is a soft, warm grey that pairs nicely with other neutrals and most of our stain palette. It's clean, fresh and can be combined with several metal finishes as well."