SALISBURY – The ArmorWall business of MaxLife Industries is being acquired by DuPont.
MaxLife is headquartered in Salisbury and is a subsidiary of Taylor Clay Products, the nation’s largest privately-owned custom brick manufacturing company. MaxLife’s main product is a type of structural insulating coating known as ArmorWall, used in building construction and touted for its fire resistance, water resistance and durability.
âWhile it’s hard to let go, I am delighted to see the ArmorWall business grow to its full potential,â said Charles Taylor, President and CEO of Taylor Clay, in a press release. âThe synergies of building science will bring new innovations essential to the built environment. “
Financial terms of the acquisition were not disclosed.
With the transaction, which should be finalized by the end of 2021, DuPont will purchase the ArmorWall brand, patented technology and the Salisbury manufacturing plant.
“This acquisition aligns perfectly with our strategy to enable our customers to meet their current and future design and productivity challenges by providing a strong portfolio of sustainable, resilient and energy efficient building solutions and technologies,” said said Tim Lacey, global vice president and general manager. , DuPont Performance Building Solutions and Corian Design. âWith the addition of the ArmorWall business, we look forward to using our expertise in building science and advocacy to make significant progress on building codes, product adoption and industry expansion. . “
Delaware-based DuPont is a multi-billion dollar international company offering a number of specialty products in the electronics, transportation, construction, water, health and safety markets. workers.
MaxLife Industries was founded in Rowan County over ten years ago. The company in July announced plans to expand its physical footprint in the county while creating 55 new jobs. With the expansion, MaxLife Industries added a second manufacturing facility at 1335 Litton Drive which also serves as the company’s customer service headquarters.
âThe unique offering of Insulated Structural Coatings, or SIS, delivers much needed jobsite productivity,â said Jarrett Davis, Managing Director of MaxLife. âThis acquisition provides an excellent opportunity to expand market reach through the combined portfolio of weather protection, thermal performance, air tightness and fire resistance solutions, with the ability to accelerate growth and innovation. “
MaxLife is the second Salisbury-based company to be bought by a larger company within a week. Integro Technologies, a machinery technology company headquartered on South Main Street, was acquired by Kaman Distribution Group.
MaxLife continues to hire employees to fill a number of vacant positions. Those interested in a position with MaxLife can apply on the company’s website at www.MaxLifeIndustries.com/Careers or in person at 4995 S. Main St. in Salisbury.