Flack Global Metals has merged with Kenwood Painted Metals, adding the new acquisition’s suburban offices in Chicago and Atlanta to Flack’s established offices in Columbia, Chicago, and Scottsdale, Ariz.
The merger increases the company to 81 employees.
Flack established a Columbia office in late 2015 with the acquisition of Consolidated Metal Products. The deal expanded Flack's product offering and market penetration opportunities for bare and painted carbon, galvanized, stainless steel, and aluminum.
In a press release announcing the Kenwood merger, Flack said it has realized considerable recent gains that are reflected in its 34% year-to-year revenue growth and 30% gross profit increase in 2016.
Jeremy K. Flack, will retain his position as CEO of Flack Global Metals while former President of Kenwood Painted Metals, Greg Underwood, will join the company as executive vice president.
Kenwood will add to Flack’s network of North American processing partners and global network of resources.
Flack and Kenwood also share an asset-light business model, forgoing physical assets in favor of developing the flexibility and geographic reach to deliver customized solutions, a press release said. Both companies work primarily with OEMs in transportation, automotive, HVAC, construction, doors and lighting.
Flack has adopted a geographic-agnostic, global supply chain approach to sourcing and shipping metals in North America. Flack holds no inventory for OEMs (Original Equipment Manufacturers) whose leaders typically buy metals 6-to-24 months ahead of needing them. Through Flack, a manufacturer is no longer confined to buying finished metals within a 150-mile radius.