Berkshire Hathaway company MiTek acquires Cubic Designs
MiTek Industries, a Berkshire Hathaway company, and a leading supplier of advanced engineered structural connector systems, equipment, software and services for the building components industry, announced today that it has acquired Cubic Designs. Cubic is a leader in the design, pre-fabrication and installation of custom work platforms and structural mezzanines used in distribution, processing, manufacturing, aerospace, and other types of operating facilities.
“Through Cubic, MiTek is able to expand into new end markets with highly customized, tightly engineered, prefabricated structural steel products. Cubic is an outstanding fit within the MiTek family,” stated Tom Manenti, chairman and CEO of MiTek. “Mike Giffhorn will continue to serve as president of Cubic, and the entire Cubic management team will remain and continue to lead the company. Cubic will operate as a separate subsidiary of MiTek,” Manenti commented.
“We are thrilled to be part of the MiTek and Berkshire Hathaway team,” said Mike Giffhorn. “MiTek’s approach to profitably growing a business and building outstanding organizations makes this acquisition, from Cubic’s perspective, ideal. With the strength and backing of MiTek and Berkshire, we plan to grow the business through a number of strategic programs.”
Cubic Designs was founded in 1986 in New Berlin, Wisc., where sales, engineering, and administration are headquartered. Its fabrication operations are located in Waupaca, Wisc.
MiTek is based in Chesterfield, Mo., and has operations in over forty countries on six continents. It has been a Berkshire Hathaway company since 2001.