Indiana company busy Funder America
Published 10:40 am Friday, April 7, 2023
Goshen, IND. – Genesis Products entered an agreement to purchase Funder America, Inc., announced at the onset of the 2023 NAHB International Builder Show at the Las Vegas Convention Center.
The combined product offering drew high traffic at the show, which had an estimated record 200,000 attendees for the week.
The acquisition, which included the sale of the Mocksville site and business for some $61 million, positions Genesis to meet the demand for Thermally Fused Melamine (TFL) panels and broadens Genesis’ expertise as a leading supplier of laminated panels, components and panel processing.
Funder America is one of the oldest, largest and most diversified TFL panel and component manufacturers in North America with 50 years of experience.
“Adding TFL manufacturing to our capabilities brings us one step closer to being the most comprehensive supplier of laminated components and panels in North America. We are passionate about leveraging the breadth of our offering to better serve OEMs, distributors and retailers across the country,” said Jon Wenger, CEO of Genesis.
“As an independent TFL producer, Funder has the ability to work with any board or laminate to serve the unique and constantly evolving needs of our joint customers. Our products and capabilities are naturally aligned to be stronger together,” said Peter Funder, who will continue to lead Funder as a division of Genesis after the acquisition.
Funder’s TFL panels and components feature decorative surfaces with visual appeal that exhibit scratch and wear resistance. They are available in a variety of sizes, thicknesses, textures, and designs; an offering that complements industries Genesis serves, including kitchen cabinets, closets and shelving, RV, office and healthcare furniture.
Wenger added that the Funder locations in North Carolina, Florida and Arkansas “will greatly expand our national footprint.”