Ontario siding maker Mitten bought by U.S. equity firm

Mitten Inc., an Ontario extruder and vinyl siding distributor, has been acquired by U.S. private equity firm Graham Partners.

The deal is designed to further Newtown Square, Pa.-based Graham Partners’ business goals, which involve expanding its product offering through its existing distribution network and entry into new markets.

The terms of the deal have not been disclosed.

Brantford, Ont.-based Mitten, the sixth platform investment for Graham Partners in the past 10 months, makes the majority of its sales in Canada, a more stable market than the U.S., according to Graham Partners.

“Mitten is a world-class manufacturer and a leading player in the Canadian siding market,” said Graham Partners managing principal Joe May. “The company’s excellent reputation and established distribution network provide a strong platform upon which to expand.”

Mitten was founded in 1959 as a manufacturer and distributor of vinyl siding, siding accessories and other exterior building products. It serves the repair/remodel and new housing segments in Canada, the U.S. and abroad.

“As a family-owned and -operated business, we wanted a complementary partner with expertise in the building products industry,” said Mitten’s president Gary Ball. “Graham Partners was the perfect choice to take Mitten to the next level.”