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.