Allen Industries, headquartered in Greensboro with other manufacturing locations in High Point, North Carolina; Phoenix; and Clearwater, Florida; was founded in 1931 as a family business and today serves clients across the U.S. and internationally. Its acquisition of Harmon Sign, which was founded in 1937, will allow Allen to expand its manufacturing capacity in the Midwest and, with the addition of Harmon’s 60 employees, will bring its total workforce to about 400 employees.
The buyout includes Harmon’s business and manufacturing assets and assumed leases for about 75,000 square feet of manufacturing and office space in Toledo and Detroit. Dan Kasper, president and CEO of Harmon, will stay on for a one-year period to help in the transition.
Tom Allen, president of Allen Industries, calls the acquisition a “hand-in-glove fit.
“We have been wanting for some time to expand our manufacturing capacity in the Midwest, but we specifically wanted to buy a company that would be a good fit with our own manufacturing capabilities and company culture,” says Allen. “We serve many national clients with a presence in the Midwest, and having manufacturing facilities there makes us more efficient and cost-effective.”
Like Allen, Harmon has offered turnkey service in all of its division locations. Services include design and engineering of signage and architectural elements, in-house manufacturing, installation, and maintenance and repairs.
Allen Industries was founded in High Point in 1931 by Tom Allen’s grandfather, Thomas R. Allen. It was later run by Thomas’ son, James, and now by James’ three sons: Tom, who is president; John, executive vice president; and David, vice president. The company has provided signage and architectural elements for Hardee’s for 50 years, and Family Dollar for more than 30 years. Other clients include John Deere, Mack Trucks, LongHorn Steakhouse, Dunkin’ Donuts, Burger King, Dairy Queen, Panda and Lowe’s Home Improvement.