Building materials distributor SRS Distribution Inc., McKinney, Texas, announced it has acquired Weatherpanel Inc., a Buffalo, New York-based distributor of residential and commercial roofing, siding, windows and doors, and other related products. Financial terms of the deal weren’t disclosed.
Weatherpanel was founded in 1948 and is currently run by Frank Vacanti and Maria Wrafter. Vacanti joined the company in 1978 and has been president since 1991. Wrafter joined in 1994 and has been vice president since 2002. The two will continue to lead the company under the Weatherpanel banner.
“We are thrilled to announce our new partnership with Frank, Maria, and the rest of the Weatherpanel team,” said Dan Tinker, president and CEO of SRS Distribution. “The company is one of the oldest and most respected independent distributors in New York and will be a perfect complement to our B&L Wholesale Supply branches in the region. It is truly an honor to welcome Weatherpanel as the newest member of our amazing family. This transaction also marks a momentous milestone in SRS history as the 100th acquisition since our founding in 2008.”
Added Vacanti: “Weatherpanel has always prided itself on being an independent distributor with a reputation for taking care of its people and putting the customer first. After meeting with the folks at SRS, we discovered a rarity in the distribution industry – a national company that shares our values, operates like a family-owned business, and is supported by a fanatical team that loves what they do.”
And added Wrafter: “Everyone we have interacted with at SRS throughout this process has been upbeat, knowledgeable, and willing to go the extra mile to make our people feel welcome. We couldn’t be happier about our decision to join SRS and are incredibly optimistic about what the future holds for all of our dedicated employees.”
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