CHESTERFIELD, Mo.--(BUSINESS WIRE)--
MiTek Industries (MiTek®), a Berkshire Hathaway company (NYSE: BRK-A, NYSE: BRK-B), and the world’s leading supplier of advanced engineered structural connector systems, equipment, software and services for the building components industry, announced today that it has acquired Cubic Designs, Inc. Cubic is the recognized leader in the design, prefabrication and installation of custom work platforms and structural mezzanine systems used in distribution, processing, manufacturing, aerospace, and other types of operating facilities. Billow Butler and Company acted as Cubic’s advisor on this transaction.
“Through Cubic, MiTek is able to expand into new end markets with highly customized, tightly engineered, prefabricated structural steel products. Cubic is an outstanding fit within the MiTek family,” stated Tom Manenti, Chairman and CEO of MiTek. “Mike Giffhorn will continue to serve as President of Cubic, and the entire Cubic management team will remain and continue to lead the company. Cubic will operate as a separate subsidiary of MiTek,” Manenti commented.
“We are thrilled to be part of the MiTek and Berkshire Hathaway team,” said Mike Giffhorn. “MiTek’s approach to profitably growing a business and building outstanding organizations makes this acquisition ideal from Cubic’s perspective. With the strength and backing of MiTek and Berkshire, we plan to grow the business through a number of strategic programs.”
Cubic was founded in 1986 in New Berlin, Wisconsin. Over the past three decades, Cubic has grown substantially by delivering a full complement of unparalleled design, engineering, fabrication and installation capabilities to customers across the United States. Cubic’s sales, engineering, and administration are headquartered in New Berlin, WI, and its fabrication operations are located in Waupaca, WI. Learn more: www.CubicDesigns.com
MiTek is based in Chesterfield, Missouri and is a diversified global supplier of engineered products, software and systems to the construction industry. The company has operations in over forty countries on six continents and has been a Berkshire Hathaway company since 2001. (NYSE: BRK-A, NYSE: BRK-B)
- Investment & Company Information
John D. Wagner, 919-796-9984
Mike Giffhorn, 262-789-1966