Saw Mill Capital acquires molding manufacturer Versatrim

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Saw Mill Capital has purchased Henderson, NC-based Versatrim LLC, one of the flooring industry’s largest trim and molding manufacturers, from Heritage Capital Group.

Founded in 1998, Versatrim began manufacturing moldings for furniture, windows and flooring before focusing solely on flooring for the home improvement market as its core business.

Versatrim produces 94 inch long moldings in 12 profiles to match the thickness of a wide range of flooring materials including vinyl, luxury vinyl tile, “vinyl plastic wood”, laminates and rigid core flooring.

The company’s online catalog features a variety of PVC and composite wood floor moldings with a highly wear-resistant aluminum oxide laminate. Moldings are used in doors to join two laminate floors or to transition between laminate floors and carpeting, masonry, sliding doors and other exterior door jambs.

In 2019, Versatrim experienced significant growth and added a new print line for high resolution digital printing technology to meet industry demands and changing visuals. The company also added 184,000 square feet of warehouse space, of which 80,000 square feet were to be used and the remainder left for future projects.

Casting demand remained strong in 2020 as the pandemic spurred remodeling to work and learn from home. At the same time, competing products from China were taking longer to ship.

Versatrim founder and chairman Thilo Hessler said at the time that short lead times have always benefited the company, which is important because although the moldings are only a small part of the job, they are essential. to do so and for the installer and the flooring store. to be paid.

“We built the business on the foundation of high quality manufacturing and excellent customer service. It was important to me to find a buyer who shared these fundamentals and wanted to take Versatrim to the next level,” said Hessler said in a statement. announcement on the sale.

Terms of the deal between Heritage Capital, an investment bank, and Saw Mill, which invests in business services, specialty distribution and manufactured goods, were not disclosed.

Hessler thanked the Heritage team, led by Bill Sorenson, for working hard to find the right buyer in Saw Mill Capital.

“Thilo and his team have built a great business by filling a need in the flooring solutions market,” Sorenson said in the release. “Entrepreneurs like Thilo drive our economy, and the Versatrim story is an American success story.”

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