Dayton Superior Corp. acquired certain assets and subsidiaries of Universal Building Products out of bankruptcy proceedings earlier this month. Universal filed for bankruptcy Aug. 4.
Dayton Superior, a provider of specialized construction products for nonresidential concrete construction, and the largest concrete forming and shoring rental companies in the United States, acquired inventory, receivables, intellectual property, customer lists, machinery, equipment, rental fleet, books and records. The relocation of inventory, machinery, equipment and rental fleet to Dayton Superior’s facilities is expected to be completed within 30 to 60 days. Since Aug. 4, Dayton Superior has supported former Universal customers, dealers and distributors with replacement and substitute products.
“We’re excited about the opportunity to now fully serve Universal customers with the timeliness and quality of products that are Dayton Superior hallmarks,” said Rick Zimmerman, Dayton Superior president and CEO. “The consolidation of these assets into Dayton Superior will enhance our national ability to service the concrete construction industry and we are eager to do so.”
In June, Dayton Superior announced it opened a new $15 million manufacturing and distribution center in Braselton, Ga., northeast of Atlanta. The company officially emerged from Chapter 11 bankruptcy in October 2009. Los Angeles-based Oaktree Capital Management L.P., which owned much of Dayton Superior’s debt prior to the bankruptcy, now owns a substantial majority of the company.
Based in Dayton, Ohio, Dayton Superior is No. 29 on the RER 100.
