Genesis Products has completed its acquisition of Funder America. Genesis said the deal positions it to meet the high demand for thermally fused melamine (TFL) panels and broadens its expertise as a leading supplier of laminated panels, components and panel processing. Funder America is one of the oldest, largest and most diversified TFL panel and component manufacturers in North America with 50 years of experience, Genesis said, making it an attractive buyout target. Genesis currently serves kitchen cabinets, closets/shelving, RV, office and healthcare furniture markets.
“Adding TFL manufacturing to our capabilities solidifies our position as the most comprehensive supplier of laminated components and panels in North America. We are passionate about leveraging the breadth of our offering to better serve OEMs, distributors and retailers across the country,” said Jon Wenger, CEO of Genesis.
“As an independent TFL producer, Funder has the ability to work with any board or laminate to serve the constantly evolving needs of our joint customers. Our products and capabilities are naturally aligned to be stronger together,” said Peter Funder, who will continue to lead Funder as a division of Genesis after the acquisition.
