Merit Kitchens Acquired by SieMatic Group
Bensalem, PA Merit Kitchens Ltd., the Canada-based manufac-turer of semi-custom kitchen and bath cabinetry, has been acquired by The SieMatic Group, the companies announced.
Terms of the transaction were not disclosed.
Frank Siekmann, chairman of the SieMatic America Group, said the Bensalem, PA-based SieMatic will operate Merit as an independent subsidiary and will retain the Merit brand, product line and 315-member dealer network. Merit will continue to operate out of its current location in Surrey, a suburb of Vancouver, British Columbia, Siekmann added.
"This acquisition is part of SieMatic's ongoing strategy to broaden our product line and move into the semi-custom cabinet market in North America in a stronger way," Siekmann observed, noting that, with the Merit acquisition, SieMatic now has some 300,000 sq. ft. of manufacturing space in North America.
SieMatic's high-end custom cabinetry is manufactured in Germany and Kitchener, Ontario. SieMatic also manufactures the Beckermann Imperial line of semi-custom cabinetry.
Siekmann said the Merit, Beckermann and SieMatic brands will continue to be manufactured in separate factories, and will remain distinctly different brands, with separate product lines and separate dealer networks.
SieMatic is represented in 46 countries and has worldwide annual
sales of more than $130 million, according to Siekmann, whose
family founded the cabinet manufacturer