RiteScreen Acquires FlexScreen, Broadening Product Breadth and Enhancing Customer Value

ELIZABETHVILLE, Pa.--(BUSINESS WIRE)--The RiteScreen Company (“RiteScreen” or “the Company”), the leading independent manufacturer of window screens and patio door screens in North America, today announced the strategic acquisition of FlexScreen, an innovative leader in flexible screen technology. This acquisition is a significant step forward in RiteScreen’s growth strategy, reinforcing its commitment to delivering superior value to its customers, stakeholders, and partners.

FlexScreen, founded in 2013, revolutionized window screens with its innovative flexible design, simplifying installation and removal, gaining national recognition in a series of successful appearances on Shark Tank. Combining the unique FlexScreen product with RiteScreen’s broad product portfolio and its national manufacturing footprint will significantly strengthen the Company’s position in the industry.

“This acquisition is a transformative moment for our company,” said Chris Yankowich, CEO of RiteScreen. “FlexScreen has rapidly grown to become a disruptor in the industry and shares our focus on customer-centric innovation. The addition of their complementary products, innovation and services to our portfolio underscores our position as the market leader across a comprehensive range of window and door screen solutions.”

“We are excited to become part of the RiteScreen family,” said Joe Altieri, CEO of FlexScreen. “With RiteScreen’s expanded manufacturing capabilities, industry expertise, and market reach, we are confident that this partnership will enhance our ability to innovate, improve efficiencies, and bring our groundbreaking screen technology to even more customers.”

The integration process will begin immediately, with a focus on ensuring a seamless transition for customers, employees, and partners. FlexScreen’s team of dedicated professionals will join RiteScreen, bringing their deep expertise and commitment to innovation.

“This strategic combination marks the next stage in the evolution of RiteScreen’s business model, and we are excited the combined Company will be able to provide an expanded product offering and capabilities that will deliver extraordinary value to consumers, business partners and investors,” added Tom Burchill, Managing Partner of Seven Point Equity Partners.

“FlexScreen has grown rapidly and gained significant momentum in the years since Joe Altieri first appeared on Shark Tank,” said Lori Greiner, FlexScreen investor, entrepreneur and television personality. “I could not be more thrilled for Joe and the entire FlexScreen team as they take FlexScreen, the best innovation in windows in 50 years, to new heights with this partnership.”

About RiteScreen

The RiteScreen Company, LLC, (Ritescreen.com) is the largest independent manufacturer of window and door screens in North America. The Company provides a wide range of mission-critical product and service solutions to OEM customers and now sells replacement screens through digital/eCommerce channels directly to aftermarket customers. In business for more than 75 years, RiteScreen serves the window and door markets, along with other businesses and consumers who require custom, aftermarket screen solutions. RiteScreen deploys its manufacturing, sourcing, packaging, engineering, and logistics resources through seven facilities across the United States to support customers nationally.

About FlexScreen

FlexScreen is the world’s first and only flexible window screen, designed to eliminate the common frustrations of traditional screens. Created with high-performance spring steel and a damage-resistant coating, FlexScreen offers a seamless fit and superior durability. As featured on ABC’s Shark Tank, FlexScreen continues to redefine the window screen industry with its groundbreaking design and commitment to innovation. For more information, visit FlexScreen website here.

About Seven Point Equity Partners

Based in Miami, Seven Point is a private investment firm founded by Tom Burchill and Mark Kammert. Seven Point pursues a value-oriented and operationally focused investment strategy, investing where it can use its expertise and resources to fundamentally transform businesses and deliver exceptional returns for investors. The firm's investment interest is focused on specialty manufacturing and business services in industry sectors that are expected to grow faster than the U.S. economy.