M&G Group Acquires Security Chimneys

Date: Nov 28, 2012

Adobe Acrobat Document Press Release

Vacaville, CA – M&G Group, owners of M&G DuraVent Inc. (“DuraVent”), is pleased to announce that it has signed an agreement to purchase Security Chimneys International Limited (“Security”) from Comvest Investment Partners IV, L.P. and Innovative Hearth Products.

Security, located in Laval, Quebec, Canada, is a manufacturer of venting products and accessories for residential and commercial applications in both the USA and Canada.

Brooks Sherman, President and CEO of DuraVent, said, “We are very excited about the addition of Security, which will serve to expand DuraVent’s market leading position of innovative products for the venting of residential and commercial appliances of all kinds. In particular, Security has recently made significant investments to further develop their commercial venting systems, which has excellent potential for future growth. This acquisition further demonstrates DuraVent’s commitment to provide customers with technologically advanced chimneys and Complete Venting Solutions. Security will continue to serve all the venting needs of its customers in both the US and Canada under their well-established brand names including Security Chimneys and Oliver MacLeod.”

About DuraVent
DuraVent is a recognized technological leader in the venting industry. DuraVent is part of the M&G Group, the worldwide leader in venting systems, dedicated to the development, manufacturing and marketing of a wide range of flue and vent products in aluminum, stainless steel and plastic for the HVAC and hearth industries. For more information, please visit www.duravent.com.

About Security
For 50 years, Security has built a reputation as one of the most trusted suppliers of quality chimneys, focusing on the research and development of new products and services for the residential and commercial markets. With a 104,800 square-foot manufacturing facility in Laval, Quebec, it is fully equipped to supply its customers with fully certified products to meet their venting needs.

To learn more, please contact
M&G DuraVent Inc.
Brooks Sherman, President & CEO
Office: (800) 835-4429