OmniMax International Announces CEO Transition

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OmniMax International (“OmniMax”), the leading national manufacturer of residential rainware and roofing accessory products and a top supplier to certain outdoor living, recreational vehicle, and other building end markets, today announced that John Krause has been appointed CEO, effective September 25, 2023. He succeeds John Wayne, who is retiring following a successful tenure leading OmniMax and a stellar 38-year career in the building products industry.

John Krause is a highly experienced executive who joins from JELD-WEN, a global designer, manufacturer, and distributor of interior and exterior doors, windows, and related building products. He most recently served as Senior Vice President and General Manager of the company’s North American business. With an exceptional track record of growing residential building product businesses by delivering top-tier service and products to customers, alongside proven leadership ability first honed during eight years spent in the United States Marine Corps, John will spearhead the continued scaling of the business.

As CEO, John Wayne has been instrumental in consolidating OmniMax’s leading position within the North American rainware and roofing accessory market through the growth of its residential building product businesses. In addition to leading the acquisition and integration of Verde Industries and FLAMCO, which expanded the company’s portfolio to include leading roofing accessory brands in Texas, Florida and Arizona, John oversaw the divestiture of OmniMax’s Fabral commercial roofing and wall panel segment, concentrating the company’s strategic focus on its market-leading domestic businesses. John also headed the company’s push towards aligning its daily operations and governance with a commitment to environmental, social, and community stewardship. Following his retirement, John will continue his productive partnership with Strategic Value Partners, the global investment firm whose funds own OmniMax, as a non-executive director on the board of another of the firm’s portfolio companies.

Speaking on behalf of OmniMax, incoming CEO, John Krause, said: “I am delighted to be joining OmniMax, a rapidly growing business with a deserved reputation for delivering best-in-class products and exceptional customer experience. John’s excellent stewardship has left the business ideally placed. With the opportunity to grow OmniMax by serving stable and increasing replacement demand for critical rainware and roofing accessory products across America’s aging housing stock, we anticipate significant value creation opportunities moving forward.”

OmniMax’s outgoing CEO, John Wayne, said: “I would like to take this opportunity to thank the entire team here at OmniMax, whose unrelenting hard work and dedication has been the foundation of our success to date. This is an exceptionally talented group, and with an experienced leader like John at the helm, I have no doubt that the business will continue to go from strength to strength.”

David Geenberg, Co-Head of North American Investment Team at Strategic Value Partners, said: “We’d like to thank John Wayne for his contribution over the past two years. He has been an ideal partner throughout his tenure, having been responsible for overseeing the consolidation of OmniMax’s leading position in the market, and leaves the business ideally placed to be scaled further under the direction of John Krause. We look forward to continuing to work with him as he transitions into non-executive roles.”

Dave Richards, Managing Director, Co-Head North America Operating Team at Strategic Value Partners, added: “In John Krause, the company has a very capable incoming CEO who possesses exactly the right skillset to capitalize on the outstanding work done by John Wayne. His leadership ability and significant experience within the residential building product segment will underpin the business’ continued expansion across North America. We’re incredibly excited to be working with him as we look to take the business to the next level.”

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About OmniMax International

OmniMax is a leading national manufacturer of residential building products and a top supplier of products for outdoor living, recreational vehicle, and other building end markets. As the leader in the residential roof drainage market, OmniMax has extensive scale, top brands such as Amerimax, Berger, Flamco, Verde and longstanding relationships with the nation’s largest home center retailers and building product distributors. The Company’s high-growth outdoor living business is a manufacturer of outdoor shade and exterior structures through brands such as Equinox, Alumawood, and Knotwood. The Company is also a leading supplier to the recreational vehicle industry, which is benefiting from strong outdoor recreation and living trends. OmniMax International is owned by funds managed by Strategic Value Partners, LLC, a global investment firm with more than $18 billion in assets under management, established by Victor Khosla in 2001. Learn more at www.omnimax.com  and www.svpglobal.com.

 

FLAMCO Celebrates 100th Anniversary

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FLAMCO, a leading manufacturer and distributor of residential and commercial roofing components, and a part of OmniMax International, celebrates its 100th anniversary in 2023.

“Companies who make it to their 100th anniversary do so because of an ongoing commitment to innovation, producing quality products and providing exceptional service to their customers, which describes FLAMCO’s long history in the industry,” said John C. Wayne, chief executive officer of OmniMax. “And behind all three traits are our associates who are the heart and soul of FLAMCO. To them, I offer my congratulations on achieving this significant milestone.”

Founded in 1923 as Florida Metal Product, Inc., the Company originally manufactured metal cup products for the turpentine industry and entered the building products industry during World War II. Today, FLAMCO offers a full line of accessories and components for residential roofing and siding and serves customers throughout the Southeast, Southwest and Midwest with manufacturing facilities in Jacksonville, FL, and Waco, TX.

FLAMCO became part of OmniMax International in 2021 and supports the Company’s growth in the residential roofing sector, especially the residential repair and remodel market.

“The FLAMCO brand offers an extensive product catalog, an efficient service platform and a broad network of distribution, all of which is backed by knowledgeable product specialists and a seasoned support team, as well as the strength and reach of OmniMax,” said Kirk Stinson, chief commercial officer of OmniMax’s consumer and distribution businesses. “We’re proud of FLAMCO’s 100-year history and look forward to serving our customers for many more years to come.”

About OmniMax International
OmniMax is a leading national manufacturer of residential building products and a top supplier of products for outdoor living, recreational vehicle, and other building end markets. As the leader in the residential roof drainage market, OmniMax has extensive scale, top brands such as Amerimax, Berger, Flamco, Verde and longstanding relationships with the nation’s largest home center retailers and building product distributors. The Company’s high-growth outdoor living business is a manufacturer of outdoor shade and exterior structures through brands such as Equinox, Alumawood, and Knotwood. The Company is also a leading supplier to the recreational vehicle industry, which is benefiting from strong outdoor recreation and living trends. OmniMax International is owned by funds managed by SVPGlobal, a global investment firm with more than $18 billion in assets under management, established by Victor Khosla in 2001. Learn more at www.omnimax.com and www.svpglobal.com.

OmniMax International, LLC acquires Verde Industries, Inc.

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ATLANTA, GA, October 1, 2021

OmniMax International (“OmniMax”, or the “Company”) has acquired Verde Industries, Inc. (“Verde”).  Verde is a leading manufacturer of high-quality roof flashing and plastic weather-blocking products, headquartered in Phoenix, Arizona.  Verde will operate as a subsidiary of OmniMax and be integrated into its Consumer segment in a complimentary manner to OmniMax’s residential building and roof drainage products. The combined companies will greatly benefit customers of both firms, providing a more extensive product portfolio, enhanced service across broader geographies and increased investments throughout the new manufacturing footprint.

John C. Wayne, CEO of OmniMax: “We are delighted to add Verde to the OmniMax portfolio of brands and see it as an exceptional complement to Berger and Flamco. We believe Verde is the perfect platform for OmniMax to grow its residential roofing accessories business in the Southwestern and Western U.S. This acquisition will allow us to deepen our relationships with key customers, by providing greater geographic reach and product depth. We are excited to welcome the Verde employees into OmniMax, and we look forward to working with them to further augment the company’s strong 30-year foundation that has grown under the leadership of George Goettl.”

George Goettl, President of Verde: “We are excited to join the OmniMax family and to continue to grow the great business we have built.  With the support of the ownership group at SVPGlobal, this combination will bring the resources, capital, and scale that will allow us to further strengthen our customer service, broaden our spectrum of products, grow our geographic footprint, invest in our manufacturing capabilities, and provide opportunities for our employees to advance and flourish. I would like to thank our loyal customers that believe in and trust Verde Industries and thank the many employees that helped grow our company over the years.  I am looking forward to joining the OmniMax team and working with them to continue to build Verde for generations to come.”

Financial terms of the transaction were not disclosed.

About OmniMax International
OmniMax is a leading national manufacturer of residential building products and a top supplier of products for outdoor living, recreational vehicle, and other building end markets with 2020 sales of approximately $700 million. As the leader in the residential roof drainage market, OmniMax has extensive scale, top brands such as Amerimax, Berger, Flamco and longstanding relationships with the nation’s largest home center retailers and building product distributors. The Company’s high-growth outdoor living business is a manufacturer of outdoor shade and exterior structures through brands such as Equinox, Alumawood, and Knotwood. OmniMax’s commercial segment supplies made-to-order metal roofing, wall panels, and architectural products for large, custom jobs under the Fabral and CopperCraft brands. The Company is also a leading supplier to the recreational vehicle industry, which is benefiting from strong outdoor recreation and living trends. OmniMax International is owned by funds managed by SVPGlobal, a global investment firm with more than $18 billion in assets under management, established by Victor Khosla in 2001.  Learn more at www.omnimax.com and www.svpglobal.com.

About Verde

Verde Industries, Inc. (“Verde”) is a leading manufacturer of high-quality residential building products, providing a full line of metal flashings, plastic weather-blocking products, and other accessories and components for residential roofing.  With a manufacturing location in Phoenix, AZ, Verde services a national customer base with a strong geographic presence in the West and Southwest.

OmniMax International, LLC reaches agreement to acquire Florida Metal Products, Inc.

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Atlanta, Ga. and Jacksonville, Fl. February 3, 2021

OmniMax International (“OmniMax”, or the “Company”) has acquired Florida Metal Products, Inc. (“Flamco”). Flamco is a leading manufacturer of residential roofing products throughout the Southeast and Southwest markets. It will operate as a subsidiary of OmniMax and be integrated into its Residential segment in a complimentary manner to OmniMax’s residential building and roof drainage products, including its Berger brand. The combined companies will greatly benefit customers of both firms, providing a broader product portfolio, enhanced service across broader geographies and increased investments across the new manufacturing footprint.

Rick Brown, CEO OmniMax: “We are excited to add Flamco to the OmniMax portfolio of businesses, which aligns perfectly with OmniMax’s strategic vision to be a leading building products manufacturer and specifically supports our growth in the residential roofing sector. Flamco will further bolster OmniMax’s reach in the residential repair and remodel market through both the roofing distribution channel as well as the home center/hardware channel. Their geographic footprint in the Southeast and Southwest centered around its plants in Jacksonville, FL and Waco, TX reinforces OmniMax’s reach in those regions and compliments its strong Berger brand of products. We are excited to welcome the Flamco employees into OmniMax and look forward to working with them to further enhance the company’s strong 100-year foundation that has grown under the leadership of the Jones family.”

Lee Jones, President of Flamco: “We are excited to join the OmniMax family and continue to grow the great business we have built. Our employees see this as the perfect opportunity to join the industry-leading brands and serve our customers in even more creative and valued ways. We are confident that with the support of the ownership group at SVPGlobal, we will be able to invest in our manufacturing facilities to bolster our service to customers, provide a broader spectrum of products and continue to grow our footprint in the Southeast and Southwest, as well as our emerging presence in the Midwest region. I look forward to joining the OmniMax team and working with them to continue to build the Flamco brand for generations to come.”

Financial terms of the transaction were not disclosed. The deal closed on February 2, 2021.

About OmniMax International
OmniMax is the leading national manufacturer of residential building products and a top supplier of products for outdoor living, recreational vehicle, and other building end markets with 2020 sales of approximately $700 million. As America’s market leader in the residential roof drainage market, OmniMax has unrivaled scale, top brands such as Amerimax and Berger, and longstanding relationships with the nation’s largest home center retailers and building product distributors. The Company’s high-growth outdoor living business is a manufacturer of outdoor shade and exterior structures through brands such as Equinox, Alumawood, and Knotwood. OmniMax’s commercial segment supplies made-to-order metal roofing, wall panels, and architectural products for large, custom jobs under the Fabral and CopperCraft brands. The Company is also a leading supplier to the recreational vehicle industry, which is benefiting from strong outdoor recreation and living trends. OmniMax International is owned by funds managed by Strategic Value Partners, LLC and its affiliates (SVPGlobal), a global investment firm with more than $10 billion in assets under management, established by Victor Khosla in 2001. Learn more at www.omnimax.com and www.svpglobal.com.

About Flamco
Florida Metal Products (Flamco) is a leading manufacturer and distributor of quality residential building products, providing a full line of accessories and components for residential roofing and siding. With manufacturing locations in Jacksonville, FL, Waco, TX and Chicago, IL, Flamco services a national customer base with the strong geographic presence in the Southeast and Southwest, as well as an emerging focus in the Midwest. Learn more at www.flamco.com.

OmniMax International to Be Acquired by SVPGlobal

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— SVPGlobal’s Purchase of OmniMax Will Position Top U.S. Manufacturer of Residential Roof Drainage Systems for Accelerated Growth —

NORCROSS, Ga. and GREENWICH, Conn., Aug. 18, 2020 /PRNewswire/ — OmniMax International (“OmniMax”, or the “Company”) and Strategic Value Partners, LLC and its affiliates (“SVPGlobal”), a global investment firm with approximately $8 billion of assets under management, today jointly announced that they have entered into a definitive agreement under which SVPGlobal will acquire OmniMax.

OmniMax is the leading national manufacturer of residential roof drainage systems and a top supplier of products for outdoor living, recreational vehicle, and other building end markets. Upon completion of the transaction, OmniMax will be a portfolio company of SVPGlobal and be led by Richard Brown as President and Chief Executive Officer. OmniMax will continue to provide customers with the same high-quality products while investing in innovative solutions that meet customers' evolving needs.

“Over the last five years, OmniMax has undergone a significant transformation on our journey towards long-term profitability and sustainable growth,” said Mr. Brown. “Following a thorough review of strategic alternatives, SVPGlobal is the right partner to help enhance our competitive position, as we provide our customers with industry leading building products. SVPGlobal’ support will allow us to further invest in expanding our markets and developing our product portfolio, while we continue to provide our customers the best-in-class products and service for which we are known.”

Mr. Brown continued, “As we move forward, we have a solid foundation and talented team that will continue to work closely with our customers and vendors to support our mutual success. At the same time, we continue to take the necessary precautions to ensure the continuity of our operations while prioritizing the health and safety of our employees. I would like to thank all of our employees for their unwavering dedication and look forward to partnering with SVPGlobal to recapitalize OmniMax and position our company for accelerated growth.”

Victor Khosla, SVPGlobal’ founder and Chief Investment Officer, said, “OmniMax has a unique competitive position as the #1 U.S. producer of drainage systems that protect and enhance residential buildings, a growing market which is benefiting from increased consumer focus on the home. Under SVPGlobal’ sponsorship, and benefiting from a greatly deleveraged and simplified capital structure, OmniMax is positioned to take its business to the next level.”

Founded in 1996, OmniMax is a leading national manufacturer of products that safeguard the home and promote outdoor living and recreation. As America’ market leader in the residential roof drainage market, OmniMax has unrivaled scale, top brands such as Amerimax and Berger, and longstanding, marquee customer relationships with the nation’ largest home center retailers and building product distributors. The Company’ high-growth outdoor living business is a manufacturer of outdoor shade and exterior structures through brands such as Equinox, Alumawood, and Knotwood. OmniMax’ commercial segment supplies made-to-order metal roofing, wall panels, and architectural products for large, custom jobs under the Fabral and CopperCraft brands. The Company is also a leading supplier to the recreational vehicle industry, which is benefiting from strong outdoor recreation and living trends.

Financial terms of the transaction, which is expected to close in October, were not disclosed.

About OmniMax International
OmniMax, headquartered in Atlanta, Georgia, is a leading manufacturer of aluminum, steel, vinyl and copper building products for use primarily in the residential and commercial markets. The company sells through various channels and targets the residential repair and remodel and commercial construction markets primarily throughout North America. OmniMax was formed in 1996 and has 26 manufacturing facilities across U.S., Canada and UK. Learn more at www.omnimax.com.

About SVPGlobal
SVPGlobal is a global investment firm with approximately $8 billion in assets under management. The firm, established by Victor Khosla in 2001, has 119 employees, including 46 investment professionals, across its main offices in Greenwich (CT), London and Tokyo. Learn more at www.svpglobal.com.