MGM Acquires Echo Product Line Assets
MGM Industries Inc. has entered into an agreement with the management of Echo Windows LLC to purchase inventories and equipment necessary to build the Sienna replacement window product line, according to Joe Gaskins, vice president of sales.
Echo, based in Red Oak, Iowa, announced it was ceasing operations earlier this week. Equipment for the Sienna product line will be moved to MGM’s 400,000 square foot Hendersonville, Tenn., plant, where production will begin immediately, officials note.
MGM started offering a replacement window in 1985. The addition of the Sienna replacement product line will further enhance its offerings to dealers and distributors in the retrofit market. Owners of the company have been exploring opportunities focused on the replacement market for the last four months, according to the company.
"The Sienna line is a proven product in the market that has been very successful in regard to market penetration and fits perfectly with our long range goals and objectives," stated Gaskins.
MGM Industries will assume the trade name Sienna and has agreed to assume the warranty issues of Echo Windows for these lines for four years beginning Feb. 27, 2009 and for fours years prior to this date. Echo’s P2 product line is not included in the purchase.
“We understand the importance of upholding existing warranties and we want to reassure those customers that we will honor those warranties and provide them with the best customer service we can provide,” adds Gaskins.
Founded in 1965, in Hendersonville, Tenn., MGM Industries extrudes and assembles a wide range of custom and standard sized vinyl windows, sliding patio and swing doors for new home construction and replacement use. Still a family owned business, MGM employs 150 people.