Advertisement

Jamison Door buys Montana manufacturer

December 04, 2004|by MARLO BARNHART

marlob@herald-mail.com

HAGERSTOWN - After three years of negotiations, Jamison Door Co. in Hagerstown has announced the acquisition of a Montana-based air door manufacturer that will enhance the 99-year-old local firm's position in the specialized market nationwide, Jamison Chairman John T. Williams said Friday.

The purchase price for HCR Inc., of Lewistown, Mont., was not disclosed. The two top officers at HCR will join the board of directors for Jamison, Williams said.

"We make rigid doors at Jamison," Williams said. "Their product is new technology that will make us substantially stronger."

That new technology includes air doors for the cold storage and grocery distribution industries. HCR employs 30 people whose status will remain unchanged by the acquisition, Williams said.

Advertisement

The work force at Jamison, which is at 55 J.V. Jamison Drive, is about 136. That number will stay the same, Williams said.

"We've gone through some rough times here at Jamison," Williams said. "We've always offered quality door products, but some people were going shopping for cheap."

Williams said the turnaround came with the company better communicating to its customers that while Jamison doors may cost more, they save energy costs in the long run.

"It's a good marriage," Williams said. "HCR also has quality-minded people. Jamison has had a nationwide sales force and HCR will benefit from that."

That sales force is composed of independent representatives who aren't on the Jamison payroll, Williams said.

With the acquisition of HCR, those sales representatives will be able to offer a broader range of cold storage door products to customers of both firms, Williams said.

Jamison Door currently holds more than 60 percent market share of the cold storage rigid door market with 56 different models, according to Jamison officials.

The Herald-Mail Articles
|
|
|