We are very excited about this acquisition and what it means for our company.
Streetsboro, OH (PRWEB) November 12, 2015
PTHV Acquisition LLC (“PTHV”), an affiliate of Soft-Lite LLC, based in Streetsboro, OH, announced today that it intends to acquire the assets and product lines of THV Holdings, LLC (“THV”), located in Louisville, KY. THV filed a chapter 11 reorganization bankruptcy case on July 28, 2015. PTHV reached an agreement in principle whereby PTHV will acquire the assets of THV, free and clear of all THV claims and creditors. The Bankruptcy Court will handle creditors’ claims.
“We are very excited about this acquisition and what it means for our company,” said Roy Anderson, President of Soft-Lite. “It will allow Soft-Lite to expand its operations with more than an additional 100,000 square feet of manufacturing space and offer an exclusive composite window line, entry door line and storm door line to better serve our existing customers and further grow our network of dealers and distributors.” Anderson noted that Soft-Lite is excited to begin working with THV’s dealers and distributors and looks forward to forming a lasting business relationship with all of these parties. PTHV will have no responsibility for THV's debts, but has already begun establishing new and cordial relations with THV’s prior suppliers.
Larry Smith, President THV stated, “It is a testament to the quality of THV’s product, brand and employees that we were able to find a buyer of Soft-Lite’s stature. When combined with Soft-Lite’s stellar reputation in the industry, we believe this transaction is the best possible result, given the difficult situation at hand.”
Soft-Lite is a vinyl replacement window and door manufacturer headquartered in Streetsboro, Ohio. The company has been named the National ENERGY STAR Partner of the Year the past two years, is a five-time winner of Window & Door magazine’s “Crystal Achievement Award” and has also received recognition as one of the magazine’s “Top 100 Manufacturers” every year in existence. Soft-Lite is also a recipient of the Friedman Corporation “Customer Appreciation Award” and Door and Window’s “Companies to Watch” recognition. For more information, visit http://www.soft-lite.com.