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Dayton Superior

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Dayton Superior
Company typePrivate
IndustryConcrete Construction
Founded1924 (1901)
Headquarters
Miamisburg, Ohio
,
United States
Area served
North America, Central America, South America, Australia
Key people
James P. McRickard, CEO
Lutz Richter, CFO and Vice President
ProductsAccessories, Chemicals, Forming, and Paving
BrandsSymons, Unitex
ServicesEngineering
Number of employees
1,063
Websitehttp://www.daytonsuperior.com

Dayton Superior Corporation is a global[1] company serving the nonresidential concrete construction industry.[2] Dayton Superior has four main product lines of Concrete Accessories, Chemicals, Forming, and Paving with 117 patents for such products.[3] The headquarters is in Miamisburg, Ohio.[4] There are 30 other office/warehouse locations throughout the US, Canada, Colombia, and Panama.[5][6]

History

Dayton Sure-Grip & Shore[7] was originally founded in 1924[8] by Art & Carl Kinnenger with help from Charles Danis and Fred Kramer. Carl Kinnenger held the patent on the snap tie design (to hold formwork together) and Dayton Sure-Grip & Shore was licensed to sell it in the U.S. out of their Downtown Dayton location.

In 1953, Danis Hunt Construction acquired Dayton Sure-Grip. After beginning bar support production in 1959, Sure-Grip, Inc is founded in 1960,[7] and the company relocated to Miamisburg, Ohio. In 1975, Dayton Sure-Grip purchased C&M Chemical Co. out of Sycamore, Illinois, beginning their production of chemicals.[9] After the purchase of Superior Concrete Accessories in 1982, the company changed their name to Dayton Superior Corporation.[10]

A series of acquisitions followed, leading to international expansion[11] (purchased Superior Concrete Accessories of Toronto and Cogan Wire Company of Montreal), and the purchase of Symons Corporation.[12] Symons specialized in form systems, and manufactured shoring, formliners, and chemicals, drastically expanding Dayton Superior's number of products offered.[13]

In 2006, Dayton Superior went public (NASDAQ: DSUP).[14] The stint in the public markets did not last long, as the company filed for Chapter 11 bankruptcy.[15] The company emerged from bankruptcy later that year with significantly less debt[16][17] and a new capital management group in Oaktree Capital Management.[18] The company then relocated to its current headquarters in Miamisburg, Ohio in 2010[4]

Milestones and acquisitions timeline

  • 1901 – Symons founded[13]
  • 1924 – Dayton Sure Grip & Shore founded[8]
  • 1982 – Superior Concrete Accessories acquired – company name changed to Dayton Superior Corporation[10]
  • 1995 – Acquired Dur-O-Wal, Inc. (masonry)[8]
  • 1996 – Acquired Steel Structures, Inc. (paving)[19]
  • 1996 – IPO – Shares traded on the New York Stock Exchange
  • 1997 – Acquired Symons Corporation (forming)[12] and Richmond Screw Anchor (accessories)
  • 1999 – Acquired Cempro (chemicals)[20]
  • 2000 – Acquired Conspec (chemicals)[21]
  • 2000 – Purchased by Odyssey Investment Partners[22]
  • 2001 – Acquired Aztec (accessories)[23]
  • 2003 – Acquired Safway (forming)[24]
  • 2006 – IPO – Shares traded on Nasdaq[14]
  • 2009 – Successfully exited bankruptcy led by Oaktree Capital Management[18]
  • 2010 – Sold Dur-O-Wal (masonry)[25]
  • 2010 – Acquired Unitex (chemicals),[26] Universal Building Products (accessories), and Block Heavy & Highway (paving)[27]

References

  1. ^ "Dayton Superior CEO sets gaze across the globe - Dayton Business Journal". Bizjournals.com. 2013-09-20. Retrieved 2014-06-07.
  2. ^ "Dayton Superior Emerges From Bankruptcy Protection". rermag.com.
  3. ^ "Miamisburg company granted its 117th patent - Dayton Business Journal". Bizjournals.com. 2013-09-19. Retrieved 2014-06-07.
  4. ^ a b "Dayton Superior relocating HQ to Miamisburg - Dayton Business Journal". Bizjournals.com. 2009-10-29. Retrieved 2014-06-07.
  5. ^ "Locations". Daytonsuperior.com. Retrieved 2014-06-07.
  6. ^ "Home". daytonsuperior.com.
  7. ^ a b [1][dead link]
  8. ^ a b c "DAYTON SUPERIOR CORP - S-1/A - 19960529 - UNDERWRITING". Google.brand.edgar-online.com. Retrieved 2014-06-07.
  9. ^ WISEMAN, District Judge. (1981-07-23). "BONEE v. L M CONST. CHEMICALS, 518 F. Supp. 375 (M.D. Tenn. 1981)". Casetext.com. Retrieved 2014-06-07.
  10. ^ a b [2][dead link]
  11. ^ "Dayton Superior Corp" (TXT). Sec.gov. Retrieved 2015-03-16.
  12. ^ a b "Dayton Superior Corp" (TXT). Sec.gov. Retrieved 2015-03-16.
  13. ^ a b "Symons Corporation: Private Company Information - Businessweek". Investing.businessweek.com. Retrieved 2014-06-07.
  14. ^ a b "Dayton Superior IPO raises $94.2 mln, below range". Reuters. 2006-12-19. Retrieved 2014-06-07.
  15. ^ "Dayton Superior files for Chapter 11 - Dayton Business Journal". Bizjournals.com. 2009-04-20. Retrieved 2014-06-07.
  16. ^ "Dayton Superior to exit bankruptcy - Dayton Business Journal". Bizjournals.com. 2009-10-15. Retrieved 2014-06-07.
  17. ^ "Dayton Superior leaves bankruptcy, looks ahead to new HQ". www.daytondailynews.com. Retrieved 2014-06-07.
  18. ^ a b "Dayton Superior Exits Chapter 11 with Substantially Lower Debt". Bloomberg. Retrieved 2014-06-07.
  19. ^ "Dayton Superior Corp" (TXT). Sec.gov. Retrieved 2015-03-16.
  20. ^ "Dayton Superior buys Cempro, a $5 million sales manufacturer - Dayton Business Journal". Bizjournals.com. 1999-01-13. Retrieved 2014-06-07.
  21. ^ "Dayton Superior acquires $22M revenue Conspec - Dayton Business Journal". Bizjournals.com. 2000-05-25. Retrieved 2014-06-07.
  22. ^ "Odyssey Investment Partners, LLC". Odysseyinvestment.com. Retrieved 2014-06-07.
  23. ^ "Dayton Superior acquires Aztec Concrete - Dayton Business Journal". Bizjournals.com. 2001-01-05. Retrieved 2014-06-07.
  24. ^ "Odyssey Investment Partners, LLC". Odysseyinvestment.com. 2003-07-28. Retrieved 2014-06-07.
  25. ^ "Dayton Superior to sell masonry line - Dayton Business Journal". Bizjournals.com. 2010-04-01. Retrieved 2014-06-07.
  26. ^ "Unitex Chemicals sells to Dayton Superior, will keep Kansas City presence - Kansas City Business Journal". Bizjournals.com. 2010-09-13. Retrieved 2014-06-07.
  27. ^ "Dayton Superior Acquires Iowa-Based Steel Infrastructure Product Supplier". Azobuild.com. 2011-01-04. Retrieved 2014-06-07.
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