Drexinger named CEO of Associated Materials
Associated Materials LLC, the integrated building products and installed services provider, has appointed James Drexinger as its new CEO.
Drexinger succeeds Brian Strauss, who has served as president and CEO of Associated Materials since 2014.
Most recently, Drexinger served as CEO for private equity-backed American Construction Source (ACS), a leading national building materials distribution platform and manufacturer of value-add products for new residential builders and repair and remodel contractors.
Under Drexinger's stewardship, ACS achieved $1 billion in revenue while undergoing significant growth, both organically and through multiple, strategic acquisitions.
Drexinger departed ACS following its acquisition by US LBM in July, 2021. That deal included more than 70 ACS locations in Arizona, Arkansas, California, Colorado, Minnesota, Missouri, Nevada, Washington and Wisconsin.
Prior to his role at ACS, Drexinger served as division president and executive vice president of Stock Building Supply. The LBM executive also held senior roles at Wolseley North America, NIBCO, and Armstrong World Industries.
"I am looking forward to leading the Associated Materials team and driving the business forward,” Drexinger said in a statement issued by the company. “As Associated Materials enters its 75th year of operation, there is a unique opportunity to reflect on our success, while at the same time, making significant investment in and renewing key elements of our business and organization to position it for even greater success."
Based in Cuyahoga, Ohio, Associated Materials has about $1.6 billion in annual revenues and operates 11 manufacturing facilities in the United States and Canada, which produce windows, vinyl and composite siding, accessories, and metal building products.
The company operates 126 supply centers under the Alside and Gentek brands while also providing installation services for residential, multi-family, and light commercial builders.
"I am extremely proud to have led Associated Materials," said Strauss. "I know that Jim has had an exceptional career in the building products industry, and I wish him, and the entire Associated Materials team, the best of luck as they continue to move the company forward."
In March 2022, Associated Materials was acquired by funds managed by Strategic Value Partners, LLC and its affiliates (SVPGlobal), a global investment firm with over $18 billion of assets under management.
Since the acquisition, Associated Materials has made significant investments in upgrading and broadening the company's capabilities.
"On behalf of the entire Associated Materials organization, I'd like to thank Brian for his dedication and service, as well as his commitment to managing Associated Materials over these past eight years to a great level of success as a business with excellent products and customer loyalty,” said David Geenberg, co-head of SVPGlobal's North American Investment Team.
“We are fortunate to have someone with Jim's skills, vision and deep industry expertise lead Associated Materials during its next phase of growth,” Greenberg added. “We are thrilled to welcome Jim to Associated Materials and look forward to benefiting from his leadership as we invest in bringing the Company's operations, customer experience and employee engagement to new heights in a very bright future for the business."
With offices in Greenwich, Conn., London, and Tokyo, SVPGlobal manages more than $18 billion in assets and has invested more than $41 billion in capital since being founded in 2001.
