Ox Engineered Products announced that it has rebranded itself to better connect with today’s modern builders. The rebrand includes a new logo, color palette, marketing materials, trade show presence and website www.oxengineeredproducts.com . Our new look and website was unveiled at the 2019 IBS Show in Las Vegas, Nevada.
Our business has grown and evolved since our acquisition in early 2018, and we felt it was time for a change to better relate to our growing customer base. After careful consideration, we chose to keep part of OX’s history in our design elements while updating them to stand out in today’s marketplace.
As part of this rebranding we are also announcing a new name for our premier 4 in 1 product SI-Strong Structural Insulated Sheathing. Moving forward we will be going to market under the name OX-IS™ Insulated Sheathing. Over the next few months we will be working through our existing inventory of SI-Strong, with OX-IS branded product expected to hit the market in July 2019. The OX-IS name has already been launched and incorporated in marketing materials and on our new website.
DELSON, Quebec, Feb. 15, 2019 (GLOBE NEWSWIRE) — Goodfellow Inc. is pleased to announce an exclusive distribution agreement with OX Engineered Products. OX specializes in the manufacture of a broad offering of high quality thin wall sheathing marketed under Thermo-Ply, and structural polyiso insulation panels marketed under the brand OX-IS (formerly SI-Strong). Together, the Goodfellow sales team who specialize in offering value added products along with the strong technical team at OX, are all looking forward to introducing these new and innovative structural panel products into the rapidly changing Canadian building industry. For more information, contact your nearest Goodfellow branch.
Chicago, IL, October 2, 2018 – Wind Point Partners is pleased to announce that portfolio company Ox Engineered Products (“Ox”), a leading specialty manufacturer of structural sheathing and thermal insulation building products, has acquired HomeGuard Building Products, Inc. (“HomeGuard”).
HomeGuard, founded in 2008 and headquartered in Jacksonville, FL, is a leading manufacturer of high-strength, micro-perforated woven and non-woven polyolefin housewraps. Used to protect the core of residential and commercial buildings, these housewraps serve as effective weather barriers and enhance the efficiency of heating and cooling insulation systems. HomeGuard also produces roofing underlayment and tapes and flashings products. The acquisition of HomeGuard accelerates Ox’s expansion into these adjacent categories, all supporting customers’ crucial need to protect the core of residential and commercial buildings.
Dave Ulmer, Ox CEO, commented, “We are excited to welcome the HomeGuard business and its employees to Ox Engineered Products. As an innovative, customer-focused business, HomeGuard is a natural fit with Ox. HomeGuard’s complementary product offering, in combination with Ox’s existing sheathing solutions, makes us a one-stop shop for high-performance, cost-effective building envelope products.”
The acquisition of HomeGuard continues Wind Point’s long history of partnering and working with founder-owned businesses and marks Ox’s first acquisition as the company seeks to expand its product portfolio.
Paul Peterson, Managing Director with Wind Point Partners, stated, “HomeGuard is a great strategic fit with Ox and aligns with our strategy of offering a complete building envelope product portfolio to our customers. Acquisitions are a core component of our investment strategy, and we will continue to look for opportunities to provide our customers with even more product solutions.”
Kevin Monday, President of HomeGuard, said, “We are delighted to join the Ox team with Dave Ulmer and Wind Point, and I am equally excited to remain deeply involved in the combined business. We plan to leverage Ox’s strong team to offer more solutions to our existing customers, broaden our customer base, and expand our geographic reach.”
Wind Point Partners acquired Ox in February of 2018 in partnership with industry veteran Dave Ulmer. In cooperation with Dave and management of Ox, Wind Point will seek to continue growing the Ox platform through a combination of organic growth and innovation, as well as additional complementary acquisitions.
Reed Smith LLP served as legal counsel and BKD, LLP provided transaction advisory services to Wind Point and Ox.
Chicago, IL, February 28, 2018 – Wind Point Partners, a leading Chicago-based private equity firm, has partnered with experienced building products executive Dave Ulmer to acquire Ox Engineered Products (“Ox” or the “Company”), a leading specialty manufacturer of structural sheathing and thermal insulation building products.
Ox, based in Constantine, Michigan, is the largest U.S. provider of alternative laminated fibrous board sheathing solutions. Ox also produces structural and non-structural polyisocyanurate (“polyiso”) foam sheathing products out of an automated facility in Charleston, Illinois. Leveraging these strategically-located Midwest facilities, Ox serves both residential and commercial end-markets nationwide.
Paul Peterson, Managing Director at Wind Point, commented, “Ox is a well-established leader in cost-effective, alternative sheathing solutions for homebuilders and commercial builders. Ox’s products deliver a strong value proposition for customers both on cost and performance.” Peterson added, “We are particularly excited to be partnering with Dave Ulmer, who brings strong leadership and a wealth of industry experience.”
Industry veteran Dave Ulmer has joined Ox as CEO. Ulmer most recently served as President and CEO of The Tapco Group, a global manufacturer of innovative exterior building products specializing in siding, decking, and other high performance exterior components. Leading Tapco as CEO, and previously COO, for over 15 years, Dave has extensive experience producing innovative products and supplying end customers through both wholesale distribution and retail channels.
“I am extremely excited to join the Ox team and lead the organization through its next phase of growth,” commented Ulmer. “We plan to build on Ox’s excellent foundation by expanding geographic scope for our customers, developing new products, and executing complementary add-on acquisitions. Residential and commercial builders alike require innovative, energy-efficient solutions at a reasonable cost, and Ox’s products provide just that. With the backing of Wind Point, we plan to invest in Ox’s growth to best service these customers’ needs.”
Wind Point’s acquisition of Ox represents yet another partnership for the firm with entrepreneur-owned businesses, a key tenet of Wind Point’s investment strategy for decades. Wind Point will seek to further grow the Company both organically and through add-on acquisitions, leveraging the firm’s experience in the specialty materials and engineered products industries. Select previous Wind Point investments in these industries include Aurora Plastics, Novolex, Argotec, and Paragon Films.
Ox Engineered Products was a division of Hanover, Pennsylvania-based Ox Industries. As part of the transaction, Wind Point acquired Ox Industries’ engineered products division, including both the Michigan and Illinois facilities and the building products brands. Ox Industries will continue to operate its remaining paperboard and packaging businesses separately.
Financing for the transaction was provided by funds managed by PennantPark Investment Advisers, LLC and Eaglehill Advisors LLC. Reed Smith LLP served as legal counsel to Wind Point, and BKD, LLP provided transaction advisory services in connection with the transaction.
Chicago, IL, February 28, 2018 – Wind Point Partners, a leading Chicago-based private equity firm, has partnered with experienced building products executive Dave Ulmer to acquire Ox Engineered Products (“Ox” or the “Company”), a leading specialty manufacturer of structural sheathing and thermal insulation building products.
Ox, based in Constantine, Michigan, is the largest U.S. provider of alternative laminated fibrous board sheathing solutions. Ox also produces structural and non-structural polyisocyanurate (“polyiso”) foam sheathing products out of an automated facility in Charleston, Illinois. Leveraging these strategically-located Midwest facilities, Ox serves both residential and commercial end-markets nationwide.
Paul Peterson, Managing Director at Wind Point, commented, “Ox is a well-established leader in cost-effective, alternative sheathing solutions for homebuilders and commercial builders. Ox’s products deliver a strong value proposition for customers both on cost and performance.” Peterson added, “We are particularly excited to be partnering with Dave Ulmer, who brings strong leadership and a wealth of industry experience.”
Industry veteran Dave Ulmer has joined Ox as CEO. Ulmer most recently served as President and CEO of The Tapco Group, a global manufacturer of innovative exterior building products specializing in siding, decking, and other high performance exterior components. Leading Tapco as CEO, and previously COO, for over 15 years, Dave has extensive experience producing innovative products and supplying end customers through both wholesale distribution and retail channels.
“I am extremely excited to join the Ox team and lead the organization through its next phase of growth,” commented Ulmer. “We plan to build on Ox’s excellent foundation by expanding geographic scope for our customers, developing new products, and executing complementary add-on acquisitions. Residential and commercial builders alike require innovative, energy-efficient solutions at a reasonable cost, and Ox’s products provide just that. With the backing of Wind Point, we plan to invest in Ox’s growth to best service these customers’ needs.”
Wind Point’s acquisition of Ox represents yet another partnership for the firm with entrepreneur-owned businesses, a key tenet of Wind Point’s investment strategy for decades. Wind Point will seek to further grow the Company both organically and through add-on acquisitions, leveraging the firm’s experience in the specialty materials and engineered products industries. Select previous Wind Point investments in these industries include Aurora Plastics, Novolex, Argotec, and Paragon Films.
Ox Engineered Products was a division of Hanover, Pennsylvania-based Ox Industries. As part of the transaction, Wind Point acquired Ox Industries’ engineered products division, including both the Michigan and Illinois facilities and the building products brands. Ox Industries will continue to operate its remaining paperboard and packaging businesses separately.
Financing for the transaction was provided by funds managed by PennantPark Investment Advisers, LLC and Eaglehill Advisors LLC. Reed Smith LLP served as legal counsel to Wind Point, and BKD, LLP provided transaction advisory services in connection with the transaction.
