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Highlander Partners announces the acquisition of Versatex Building Products

Highlander Partners, L.P., a middle market private investment firm based in Dallas, TX, announced the acquisition of Versatex Building Products. Founded in 2003, Versatex is a Pittsburgh-based provider of cellular PVC building products serving both the new construction and renovation/remodel markets.

Clare Goldsberry

September 10, 2014

1 Min Read
Highlander Partners announces the acquisition of Versatex Building Products

Versatex will continue to operate under its existing operating structure with its current management team, led by company president and co-founder John Pace and VP of sales Rick Kapres are remaining with the company and as owners. Current chairman and co-founder Jim Wolf will continue with the board of managers and also as an owner in the company. The company's management team has successfully grown the business every year since inception and has positioned Versatex as a leader and innovator in the PVC building products market.

"I am excited to partner with Highlander Partners to continue to grow Versatex and build upon our company's success as a leader and innovator in the PVC building materials space and look forward to continuing as a shareholder and board member," Wolf said. 

John Pace, who will continue to lead the business as Versatex' president and CEO, added, "Highlander is a perfect fit, given their extensive background in building materials, and we are pleased to have a partner that invests their own capital and takes a long-term strategic approach to growing companies."

Versatex manufactures and supplies cellular PVC building products that include trim boards, sheets, corner boards, bead boards, skirt boards, wraps, beaded profiles, soffit systems, molding profiles and finishing products. The company markets and sells its products through distributors/dealers in the United States and Canada.  

About the Author(s)

Clare Goldsberry

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

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