As a leading provider of non-residential and residential construction products, systems and services, Tremco Inc. has taken a significant step forward in helping customers manage their facilities for greater energy efficiency by acquiring Canam Building Envelope Specialists (Canam) of Mississauga, Ontario.
BEACHWOOD, Ohio - As a leading provider of non-residential and residential construction products, systems and services, Tremco Inc. has taken a significant step forward in helping customers manage their facilities for greater energy efficiency by acquiring Canam Building Envelope Specialists (Canam) of Mississauga, Ontario. Zerodraft, a related company that provides specialized retrofit weatherstripping and distributes a variety of related insulation and sealant products, is also part of the acquisition. Terms were not disclosed.
Canam and its team of facility specialists will become part of the Tremco Roofing and Building Maintenance Division’s subsidiary, Weatherproofing Technologies, Inc. (WTI), while Zerodraft joins Tremco Commercial Sealants & Waterproofing.
Canam is one of the leading building envelope contracting firms in North America, with more than 25 years of experience. Its contracting and consulting services focus on air sealing and air barrier systems, including new construction and retrofit contracting work, design consultation, field-testing, and installation of a variety of systems. Building owners and property managers use these services to address such issues as thermal discomfort, mold and other moisture problems, and ice damming. Typical building envelope upgrades lead to energy savings that contribute to a significant return on investment.
“This acquisition makes excellent strategic sense for both Tremco and Canam Building Envelope Specialists,” said Deryl Kratzer, president of Tremco’s Roofing and Building Maintenance Division. “Combining our companies enhances our building envelope and energy management expertise, enabling us to pursue growth opportunities that otherwise would be unavailable. Canam’s relationships with energy service companies, coupled with our large sales force, will help expand our presence within commercial, industrial and public sector markets. Canam’s proprietary software is used to determine energy savings and calculate the payback period to justify the investment in building envelope programs. Through this software, we will be able to help our customers improve the energy efficiency of their facilities while lowering operational costs.”
According to Chuck Houk, president of Tremco Commercial Sealants & Waterproofing, “Zerodraft has an excellent line-up of products that allow customers to improve the energy efficiency of their homes and/or place of business. We believe this complements our strategy of providing sustainable building envelope solutions.”
Bill Boyd, business manager of Canam Building Envelope Specialists, said “We are excited about the possibilities that this relationship presents, because it allows us to offer our customers additional services as we blend our experience with Tremco’s comprehensive roofing and building envelope solutions, people, and technical expertise.”
“This is an exciting time in Tremco’s 80-year history,” Kratzer said. “With actions such as adding Canam Building Envelope Specialists and Zerodraft to our team, we are able to provide our customers with an increasing number of products, services and capabilities that can extend the useful lives of their facilities at a lower cost. Our goal is to be the first company that comes to mind for building envelope support.”
Tremco Acquires Canam Building Envelope Specialists
April 6, 2009