In view of current market conditions, Ankmar LLC and Safe-Way Door LLC have announced that the previous merger of their respective steel businesses will not proceed as previously stated.
Greg Clarke, CEO of Ankmar, and Frank Gallucci, Safe-Way CEO, released the following joint statement: “Though we are in agreement that the merging of our steel businesses can create significant synergies for both companies, the current industry climate does not support going forward with the proposed merger.”
Both companies will continue to offer a complete line of residential and commercial garage door products including wood, steel, aluminum and specialty high-style carriage door products.
Both companies have been in business since the mid-1950s. Headquartered in Warsaw, Ind., Safe-Way Door also operates manufacturing and distribution facilities in Indiana, Tennessee, North Carolina, South Carolina and Missouri. Ankmar is the largest garage door supplier in Colorado, with major manufacturing facilities in Kansas, Oregon, Colorado and Texas.
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