Did Overhead Door Corp buy out Wayne Dalton?

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1145367

2026-08-09 12:50

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Overhead Door Corporation and Wayne-Dalton jointly announced on September 2, 2009 that they have reached a tentative, non-binding agreement in principle, pursuant to which Overhead Door Corporation would acquire Wayne Dalton's overhead door business in North America and Europe. Under the terms of the tentative agreement, Overhead Door Corporation would acquire substantially all of the assets of Wayne-Dalton Corp.'s commercial and residential overhead door business, as well as their Fabric-Shield storm panel business in a cash transaction. Wayne-Dalton Corp. would retain its garage door opener and wireless home access control businesses and will continue to manufacture, market, and sell products of those businesses. The combined company would create North America's premier manufacturer and marketer of overhead doors and openers. http://www.overheaddoor.com/docs/PressReleases/OverheadDoorAndWayneDalton.pdf

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