Building Industry Partners Forms North American Component Manufacturing Platform

By   /  

Building Industry Partners has formed American Laminations, a new specialty building products component manufacturing platform, in collaboration with building industry veteran Ted Rock of North American Specialty Laminations.

BIP and Rock formed American Laminations to create a best-in-class, people-first component profile wrapping and specialty manufacturing organization, according to a press release from BIP.

Concurrent with its formation, American Laminations made its first investment, acquiring the assets of SourceCut Industries, Inc. in collaboration with SourceCut’s existing owners and management team.

SourceCut Industries, Inc., founded in 1999, is a manufacturer of laminated, composite, and wood components for the residential and commercial window and door, cabinet and case good, architectural millwork, furniture, and fixture/display industries.

Brad Wiedenhoeft, the founder of SourceCut, will remain with American Laminations as chief revenue officer.

Zach Wiedenhoeft will continue in his current role as president, overseeing the day-to-day operations of the facilities in Osseo, Wisconsin.

Brad and Zach Wiedenhoeft will work alongside Rock, who will take over as CEO of North American Specialty Laminations.

SourceCut Industries, Inc. will continue to operate under the same name.

“We’re excited to kick off our new specialty component manufacturing platform with SourceCut as our foundation, and are looking forward to working alongside the Wiedenhoeft family to build on all they have achieved. We’re also introducing a proven, growth-minded manufacturing leader in Ted Rock, growth capital, and a commitment to driving enhanced results for our employees, customers, and business operations overall,”BIP’s founder and managing partner, Matt Ogden, stated.

“North American Specialty Laminations is BIP’s second new platform under our people- first purpose. BIP renewed its purpose to drive a new standard in its investing that better aligns shareholder, management, and employee interests, and prioritizes human capital management as a strategic pillar to building better businesses, generating better investment returns, and helping employees actualize their career goals.”

SourceCut founder Brad Wiedenhoeft added, “BIP’s commitment to SourceCut’s people was an intriguing factor in pursuing this partnership.

BIP’s relationships, talent resources, and capital investment will allow us to continue our strategic growth plan – providing our customers excellent service levels with quality products.

Most importantly, enhancing our pursuit to provide our employees best in class opportunities. I’m very excited about the positive impact this partnership will have for our great employees, and for our customers who trust us with their business.”

Rock joins North American Specialty Laminations as CEO, bringing 15 years of experience with building products manufacturing companies as well as a track record of growing private equity-backed organizations.

Rock will oversee the company’s future expansion, which will include an ambitious plan to expand the platform’s footprint. He most recently served as Panoramic Doors’ CEO, PGT Innovations’ senior vice president, and Atrium Windows and Doors’ chief operating officer.

“We are grateful for the opportunity to partner with a talented and experienced leader like Ted Rock – his unique experience across Private Equity, Specialty Manufacturing, and the Window and Door segment make him especially qualified to lead American Laminations. We are honored to be working alongside Mr. Rock and the Wiedenhoeft family to build on the success they have each achieved individually, and to bring our collective experiences, skills, and resources together to drive a game-changing platform,” Pat Mascia, BIP’s partner and head of strategic development, stated.

“It has been a pleasure to get to know the Wiedenhoeft family, and a privilege to be entrusted to lead this platform alongside them. I am delighted by the opportunity to partner with BIP, a firm that I have admired both for their investment track record and for their explicit commitment to the employees of BIP portfolio companies. This is a fantastic opportunity for me and for SourceCut, and I’m looking forward to being a contributor to BIP’s ‘Do Good and Do Well’ mission,” Rock added.

Two BIP operating partners, Peter Stroble and Chris Kliefoth, will join the board of directors of North American Specialty Laminations.

Stroble previously served as Alta Forest Products’ chief strategy officer, chief operating officer, and chief financial officer, as well as president of Alta’s predecessor, Welco Lumber Company.

Kliefoth is a Wisconsin native with a background in private equity, manufacturing, and leadership, including 15 years as the [resident of Nationwide Industries.

Dan is one of our main correspondents based out of Portland, Oregon. He reports on all new innovations about building products.