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Gibraltar pays $5M for solar ventilation product supplier

Keywords: Tags  Gibraltar Industries, solar-powered ventilation products, Brian Lipke, Frank Haflich

LOS ANGELES — Gibraltar Industries Inc. has purchased the assets of a Nevada-based supplier of solar-powered ventilation products for $5 million.

The Buffalo, N.Y.-based distributor and manufacturer of products for building and industrial markets didn’t identify the target, but said the product line generated revenue of about $4 million in 2012.

"Adding this solar ventilation product line will strengthen our position within the growing energy conservation segment of the building materials market space," Gibraltar chairman and chief executive officer Brian Lipke said in a statement, adding that the acquisition will give the company "access to innovative technology for future product lines."

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