Atlas of Greenwich expands manufacturing base

Atlas Holdings of Greenwich has acquired producer of engineered wood products and building systems, Trus Joist Commercial.

Trus Joist Commercial was a former division of Weyerhaeuser Co., based in Federal Way, Wash. Atlas will establish the division as an independent business, to be renamed RedBuilt.

“We’re starting RedBuilt in a time of unprecedented market challenges because we have enormous confidence based on experience in the industry-leading products, people and innovative culture of this business,” said Kurt Liebich, newly named president and CEO of RedBuilt.

The RedBuilt headquarters will be in Boise, Idaho, and members of the company’s former management team will return as investors and managers of the business.

The business, founded 50 years ago, employs 235 people, with manufacturing facilities in Chino, Calif., Hillsboro and Stayton, Or., and Delaware, Ohio, as well as 13 design and sales offices across the United States.

“We are excited about this acquisition and eager to get to work alongside our experienced management partners to grow RedBuilt,” said Andrew Bursky, chairman of Atlas Holdings. “We’re impressed with the tradition of excellence the company has built and the entrepreneurial drive to unlock growth opportunities in the commercial building-solutions sector. RedBuilt will continue to provide the industry’s most innovative building solutions to architects, engineers, developers, contractors and building owners coast to coast.”

This is Atlas’ second major acquisition in 2009. In May Atlas purchased the Othello Group, a European surface preparation equipment provider in Europe. The acquisition established Atlas subsidiary Pangborn Corporation as one of the largest such companies in the world.