The RiteScreen Company announced its acquisition of FlexScreen.
Acquisition details
FlexScreen, founded in 2013, created an innovative flexible design that simplifies installation and removal of window and door screens, gaining national recognition in a series of appearances on Shark Tank. Combining the FlexScreen product with RiteScreen’s broad product portfolio and its national manufacturing footprint aims to strengthen the company’s position in the industry.
The integration process will begin immediately, with a focus on ensuring a seamless transition for customers, employees and partners. FlexScreen’s team will join RiteScreen.
What company leadership says
“FlexScreen has grown rapidly and gained significant momentum in the years since Joe Altieri first appeared on Shark Tank,” says Lori Greiner, FlexScreen investor, entrepreneur and television personality. “I could not be more thrilled for Joe and the entire FlexScreen team as they take FlexScreen, the best innovation in windows in 50 years, to new heights with this partnership.”
“This acquisition is a transformative moment for our company,” says Chris Yankowich, CEO of RiteScreen. “FlexScreen has rapidly grown to become a disruptor in the industry and shares our focus on customer-centric innovation. The addition of their complementary products, innovation and services to our portfolio underscores our position as the market leader across a comprehensive range of window and door screen solutions.”
“We are excited to become part of the RiteScreen family,” says Joe Altieri, CEO of FlexScreen. “With RiteScreen’s expanded manufacturing capabilities, industry expertise, and market reach, we are confident that this partnership will enhance our ability to innovate, improve efficiencies, and bring our groundbreaking screen technology to even more customers.”
“This strategic combination marks the next stage in the evolution of RiteScreen’s business model, and we are excited the combined Company will be able to provide an expanded product offering and capabilities that will deliver extraordinary value to consumers, business partners and investors,” says Tom Burchill, Managing Partner of Seven Point Equity Partners.
