- Aligns with ODL's brand promise of Building Value into Building Products® through expansion into the exterior door market
- Leverages the strength of ODL's service model and distribution channels, expanding ODL Doors built by Tru Tech in North America
ODL, Inc., the industry leader in doorglass and insulated blinds, expands into exterior doors by purchasing Tru Tech Doors of Ontario, Canada. This acquisition supports ODL's commitment to long-term growth and innovation and its brand promise of Building Value into Building Products®.
"It is a very exciting day for ODL, Tru Tech Doors, and our family of brands. Our strategy is to be the leading solutions provider for the door system, and now, with the ability to manufacture doors, we have begun the journey of delivering that complete door solution to our customers. The company everyone thought should make a door now does. " - David Klein, President & COO, ODL, Inc.
Tru Tech Doors, a high-performance steel and fiberglass door manufacturer, was founded by John Careri in 1998 and, on February 28, 2023, celebrated its 25th anniversary. John will join the ODL team as Executive Vice President and President of the Door Division. He will lead our door manufacturing and development efforts as we expand throughout North America.
In 2022 Tru Tech began launching its newest exterior door innovation, Harbour Craft Fiberglass Doors. This collection was developed to meet the evolving design needs of the modern homeowner, with new door styles to be launched throughout 2023. Harbour Craft and other Tru Tech door collections are a welcome addition to ODL and its growing family of products.
"Tru Tech Doors is thrilled to join the ODL, Inc. family. Their industry-leading products, service, and marketing support are simply second-to-none. They are an ideal parent company as we look to expand our door product further in North America." -John Careri, Tru Tech Doors
ODL Doors, built by Tru Tech, will be available to select U.S. and Canadian doorglass customers.
“We plan to bring the same high level of customer service, selection, innovation and quality to the door industry that you have come to expect with the ODL experience.” - Townes Parsley, EVP of Sales & Marketing, ODL, Inc.
ODL extends a warm welcome to Tru Tech as they bring their vast knowledge and manufacturing expertise to the team. ODL looks to retain all TruTech employees and its current manufacturing facilities in Ontario, Canada. The acquisition of Tru Tech Doors marks the third acquisition for ODL, Inc in the last 16 months.
Fifth Third Securities served as the exclusive financial advisor to ODL, Inc. in the transaction. Wells Fargo provided financing, and Honigman, LLP (U.S.) and Borden Ladner Gervais LLP (Canada) provided legal counsel.