Vinyl window siding maker Associated Materials has a new CEO
Cuyahoga Falls, Ohio Associated Materials LLCa vinyl window and siding manufacturer with annual sales of $1.6 billion and more than 4,000 employees, has named James Drexinger as CEO.
Drexinger took the job effective immediately, according to a Press release. He succeeds Brian Strauss, who served as President and CEO of Associated Materials since 2014.
The CEO change follows the March acquisition of Associated Materials by Strategic Value Partners LLC, a Connecticut-based global investment firm known as SVPGlobal. This company has over $18 billion in assets under management.
Associated Materials in the release called Drexinger “a proven senior executive in the building products industry, respected for his ability to drive operational excellence, capture market share and improve customer experience.”
Most recently, Drexinger was CEO of American Construction Source, a national building materials distribution platform and manufacturer of products for new homebuilders and repair and remodeling contractors. Under Drexinger’s leadership, Associated Materials said American Construction “achieved $1 billion in current revenue with above-market gross margins and EBITDA,” or earnings before interest, taxes, depreciation, and amortization.
Prior to his role at American Construction, Drexinger was Division President and Executive Vice President of Stock Building Supply. Drexinger has also held leadership positions at Wolseley North America, NIBCO and Armstrong World Industries.
David Geenberg, co-head of SVPGlobal’s North American investment group, thanked Strauss for his “dedication and service and commitment to managing Associated Materials over the past eight years with great success as a ‘company with excellent products and customer loyalty.’
He said Drexinger is joining Associated Materials “as we invest to take company operations, customer experience and employee engagement to new heights in a very promising future for the company.”
Associated Materials operates 11 manufacturing plants in the United States and Canada that produce vinyl windows, vinyl and composite siding and accessories, and metal building products.