Thu, 15/11/2012 - 12:19
Atlas has acquired Erickson Framing through its newly formed company, Erickson Framing Holdings.
Erickson Framing was acquired from Masco Corporation, a producer of home improvement and building products.
Erickson is a construction services and pre-fabricated building products company that provides turn-key framing services, framing packages, trusses and other products to builders and developers.
Erickson’s primary geographic markets include Arizona, Northern California and the greater Reno, NV area.
Erickson was acquired by Masco in 2007.
This acquisition reflects Atlas’ investment strategy of purchasing and transitioning divisions of a larger corporate parent into strong, independent companies. While Erickson has struggled through the long and deep downturn in the residential construction industry, it successfully maintained its presence and significantly increased its market share through that period. Atlas believes the acquisition is timely, given the growing evidence of improvement in residential construction. The company also believes there will be a number of opportunities to realise synergies among the Atlas companies engaged in the construction and building materials market.
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