September 22, 2017 9:53 AM ET

Building Products

Company Overview of MiTek Industries, Inc.

Company Overview

MiTek Industries, Inc., through its subsidiaries, provides engineered products, design software, and automated equipment to residential, commercial, and industrial construction sectors. It offers sheet metal products, including a range of round, rectangular, oval/spiral ductwork, fittings, and accessories for residential and commercial construction. It also provides steel connector plates; anti-split plates to railroad/end-plating markets; hinge plates for component manufacturers and framers; V-shaped metal web floor truss systems for plumbing and electrical installations; stabilizers; USP structural connectors; structural screws for fastening wood components; and connector packaging. It off...

14515 North Outer Forty

Suite 300

Chesterfield, MO 63017

United States

Founded in 1942

Phone:

314-434-1200

Fax:

314-434-5343

Key Executives for MiTek Industries, Inc.

Chief Executive Officer
Executive Chairman
Chief Financial Officer, Vice President and Executive Vice President of Canadian Operations
Age: 68
Senior Vice President of Operations
Senior Vice President of Sales and President of MiTek Industries Inc
Compensation as of Fiscal Year 2017.

MiTek Industries, Inc. Key Developments

MiTek Introduces the MatchPoint™ DirectDrive System to Increase the Productivity of Roof Truss Component Manufacturing

MiTek Industries, Inc. announced that it has introduces the MatchPoint™ DirectDrive system [1]. The MatchPoint DirectDrive™ system complements the MiTek’s MatchPoint BLADE™ wood processing system (an automated saw and component manufacturing system), as well as MiTek’s Wizard PDS Auto Jigging system. Now, with the MatchPoint DirectDrive system [2], users can access new software and a material-handling system that fully rounds out roof truss component manufacturing, while also significantly minimizing labor. Plus, when delivering cut wood truss members from the saw to the truss make-up table, the MatchPoint Blade system offers sorting, optimizing, and printing capabilities which allow for unrivaled accuracy and speed. Users of MatchPoint DirectDrive system can also experience even greater increased output, achieved with a potentially reduced workforce. With MiTek’s Virtual Plant software (MVP), users can also manage the truss manufacturing process, a.k.a. work in progress (WIP), far better than before, while increasing manufacturing capacity within a manufacturing facility’s existing footprint. Review the MatchPoint™ DirectDrive System at this link [3], which includes a video overview.

MiTek Industries Announces Executive Changes

MiTek Industries reported that it has added Mark Thom to its leadership as the new CEO. The current CEO, Tom Manenti, will assume the role of Executive Chairman for 2017. Manenti will continue to report to Warren Buffett. Thom has a rich background of executive leadership and achievement in management and sales. For 16 years, he led teams within the former Tyco Healthcare. Thom assumes the CEO role at MiTek at a fortuitous time for the Company. His addition now provides leadership continuity as Manenti retires in January, 2018.

MiTek Industries, Inc. Announces Management Changes

MiTek Industries, Inc. announced that it has added Mark Thom to its leadership as the new CEO. The current CEO, Tom Manenti, will assume the role of Executive Chairman for 2017. Mr. Manenti will continue to report to Warren Buffett. Mr. Thom has a rich background of executive leadership and achievement in management and sales. For 16 years, he led teams within the former Tyco Healthcare, a nearly $12 billion global manufacturer of medical and pharmaceutical products, where Mr. Thom received top honors as a sales person. In recent years he served as leadership consultant to the MiTek senior leadership team, where he learned the MiTek business and its culture. Mr. Thom assumes the CEO role at MiTek at a fortuitous time for the Company. With notable acquisitions, diversification, and organic growth, MiTek has doubled in size since 2011, and has a strategic plan in place to double again over the next five years. His addition now provides leadership continuity as Mr. Manenti retires in January, 2018.

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