Fypon Merging into Therma Tru
Fortune Brands is merging its Fypon Ltd. business with Therma Tru Doors, its sister company, according to a company release. The Fypon brand name will continue to be used, but many of the synthetic millwork manufacturer's operations in Archbold, Ohio, will be moved to Therma Tru facilities in Ohio and Indiana.
According to a Fortune Brands statement, "the integration will result in significant cost efficiencies and sales synergies in a persistently challenging residential housing market."
“The merger brings two great brands together and offers the best opportunity to grow the Fypon brand,” says Tom Riscili, Fypon president. “A key benefit of this merger is that Fypon will now have national sales coverage provided by the Therma-Tru sales team enhanced by several members of our Fypon sales team. We believe Fypon has a great future ahead as part of the Therma-Tru family.”
The merger is expected to result in the loss of about 50 jobs. Most of the changes will happen by the end of 2009, and full integration is planned to be completed by the end of the first quarter of 2010.