Fortress Building Products completed the sale of the assets of its composite decking subsidiary—which includes products such as Fortress Decking, Cladding, and HULK Fasteners—as well as the associated exclusive North American distribution rights to Eva-Last Americas.
“This transaction enables Fortress to place added focus on our core metals products and gives Eva-Last direct access to bring their core composite and fastener products to the North American market,” Mike Walsh, president and chief operating officer at Fortress Building Products. “We are excited to take this next step in our strategic plans. Fortress has seen strong growth in its core metal products, including our Railing, Steel Deck Framing, Fencing, Pergolas, and Lighting, and this divestiture accelerates our growth.”
Fortress said the sale will allow the company to pursue additional growth in its core metals business strengths, which includes steel and aluminum railing, Evolution Steel Deck Framing, Fencing, Pergolas and Lighting.
“Our partnership with Fortress over the past seven years has seen meaningful introductions of our best-in-class APEX PVC Infinity I-Series Composites,” Marc Minne, CEO of Eva-Last, said. “Our recent IPO brought significant funding that will allow us to invest heavily in the growth of the Americas, ensuring our position as a global leader of innovative building products is fully realized.”
Fortress said as steel framing and pergolas continue their upward momentum with professionals and consumers the company will continue to drive adoption and usage of such products. The transaction will further efforts by Fortress in team member additions, marketing, operations, and research and development to continue advancing market share of their wood-alternative, outdoor living, metal products portfolio.
Eva-Last manufactures and distributes specialized bamboo composite building products, including decking, cladding, railing, fencing, fasteners, and indoor flooring products.