FOR IMMEDIATE RELEASE
Hurd Announces Multi-Million Dollar Investment & Renovation
New ownership committed to making change and growth an exciting part of company’s future
Medford, WI – June 19, 2009 – At Hurd’s Medford and Merrill, Wisconsin custom wood window manufacturing facilities, the familiar sound of saws and millwork machinery will soon be joined by the sound of heavy machinery and equipment moving as an exciting, multi-million dollar investment and renovation project begins. The company announced today that they are embarking on a multi-million dollar, multi-phase project designed to upgrade their manufacturing facilities and processes.
The investment and renovation initiative is backed by Hurd’s new ownership, HWD Acquisition, Inc., which purchased the company assets in December 2008, and their parent company Longroad Asset Management, LLC. According to HWD Acquisition President Dominic Truniger, the company’s ownership is committed to making change and growth an exciting part of Hurd’s future. “With over a million square feet of manufacturing space and the backing of one of the strongest balance sheets in the wood window industry, we have a bright eye on the future and are optimistic about our growth opportunities.”
According to company officials, this initiative goes well beyond just buying a few new pieces of equipment. “In fact, this is one of the largest investment of capital ever made in Hurd’s history,” Truniger said. “And, I can’t think of a better way to celebrate our 90th anniversary.” He notes that the ultimate goal of each initiative in this multi-phase, multi-million dollar investment and renovation project is squarely focused on anticipating our customers’ present and future needs, as well as protecting our position as an innovator in the window industry long into the future.
Specific plans for renovation include new state-of-the-art lines to support the manufacturing of Hurd’s state-of-the art new H3™ window, which seamlessly integrates extruded aluminum cladding, a vinyl base frame and a solid wood interior into a single window. Building upgrades, technology system advancements, and Lean manufacturing and logistic improvements including an initiative to narrow the distance between some of the company’s production lines are also planned.
This news comes despite the weakened U.S. economy and widespread industry downturns. Truniger attributes the timing to foresight of the company’s new ownership to see the opportunity that the market will hold when it does turn around. He also cites that the Hurd brand has actually doubled in market share since 2005.
For more information on Hurd’s full line of wood windows and doors, visit www.hurd.com, call 1-800-223-4873, or visit your nearest Hurd distributor.
About Hurd/HWD Acquisition, Inc.
HWD Acquisition, Inc. is headquartered in Medford, Wisconsin. The company recently acquired Hurd Windows & Doors, Inc., a brand with a 90-year tradition of building custom wood windows and doors to the highest standards of excellence and quality. Hurd products, which are sold exclusively through more than 400 distributors in the United States and Canada, and in 20 countries worldwide, are manufactured by approximately 600 craftsmen. With factories in Medford and Merrill, Wisconsin, Hurd products are manufactured in more than 1 million square feet of production space. For more information, visit www.hurd.com or call (715) 748-2011. Toll free: 1-800-433-4873.