Tag: MiTek

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MiTek, a prominent player in the construction industry that provides integrated software systems, design solutions, and IT services, and a subsidiary of Berkshire Hathaway, has expanded its footprint in Vietnam with the inauguration of the MiTek Vietnam Office 2 complex in Ho Chi Minh City. This state-of-the-art facility serves as the nerve center for the company’s consulting operations, equipped with modern amenities to facilitate efficient administrative functions.

The opening of MiTek Vietnam Office 2 underscores the company’s commitment to the region and providing top-notch services to its clientele. With approximately 2,500 employees already stationed at its headquarters in Ho Chi Minh City, MiTek Vietnam continues to grow and thrive in the dynamic construction landscape of Vietnam.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BuilderMT, a MiTek company owned by Berkshire Hathaway, has won its 38th technology award, the 2018 Top Product award from Constructech.

The award was earned by BuilderMT’s ModelExpert. Working in tandem with Sales Simplicity’s Feature Manager, ModelExpert is a new digital toolset for estimating any set of house plans and options that a builder can invent or configure. ModelExpert allows builders to create a standard estimating method for their entire organization, based on the way estimators naturally think about, measure, estimate, purchase, and construct house plans and options.

“ModelExpert is one of our newest modules, but it is part of a years-long commitment to integrating BuilderMT and Sales Simplicity into a single platform,” said Tom Gebes, President of BuilderMT and Sales Simplicity. “ModelExpert– offers our users more precision and effectiveness in the selling, estimating, bidding, and purchasing processes.”

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Hathaway’s MiTek has signed a North American sales and distribution agreement with OZCO Building Products.

OZCO Building Products is best known for originating the Ornamental Wood Ties hardware category, offering superior-quality structural connectors for use in decks, pergolas, benches, fences, gates, posts, gardens, planters, and more. OZCO is equally renown for setting the highest standards in retail displays, product installation training, and product knowledge.

As part of this new partnership, OZCO and its products will have access to MiTek’s North American sales force, and will be available through MiTek’s large footprint of retail and pro-dealer customers. OZCO products will now have access to the broad range of US & Canadian dealer locations that work closely with MiTek, while also tapping into the ever-growing MiTek customer base that has been converting to MiTek’s award-winning software, connectors, fasteners, and adhesives.

“Recently, OZCO Building Products has enjoyed tremendous growth, primarily because of our high-quality products combined with our top-tier dealer network,” said OZCO’s Ian Hill. “Now, in our never-ending quest to set higher standards as the leader in the Ornamental Wood Ties category, we couldn’t have asked for a better partner than MiTek. MiTek’s corporate culture and vision are a great fit for OZCO.”

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Hathaway’s MiTek® USA has announced that its MiTek Builder Products division has won multiple awards from the North American Retail Hardware Association (NRHA) as part of its 2017 Packaging and Merchandising Awards Program. MiTek has been awarded a Gold Award for its “Bin Display.”

• MiTek has been awarded a Gold Award for its “Bin Display.”
• MiTek has been awarded a Silver Award for its “Carton Display.”
• MiTek has been awarded an Honorable Mention for its “Packaging.”

The judges’ criteria for the award included: Overall Shelf and Sales Appeal, Graphic Design, Innovation, Packaging Efficiency, Shelf Life, and Selling Feature. The awards will be given at the All-Industry Conference and National Hardware Show, May 9-11 in Las Vegas.

“It has always been evident to our MiTek associates and our customers that we take enormous pride in enabling strong sales for their businesses,” said Maged Diab, President of MiTek USA. “These NRHA national awards are indeed an honor, doubly so because they bring recognition to the efforts we have made to drive the success of our retailers and their customers.”

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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MiTek USA, a Berkshire Hathaway company, has announced the launch of the MiTek Builder Technology Summit. The event will be at the Naples Beach and Golf Hotel, in Naples Florida, September 19-22, 2017.

The 2017 MiTek Builder Technology Summit will showcase the very latest technology for home building design, estimating and workflow. The Summit will feature technology exhibits and demonstrations, as well as a wide range of educational/training sessions.

The technology Summit will feature MiTek’s builder-focused companies and software platforms including BuilderMT, Cubit, DIY Technologies, Sales Simplicity, SAPPHIRE Supply, SAPPHIRE® Build (KOVA), and Wrightsoft.

In addition, integration partner-companies that have linked to MiTek solutions will also be featured, including Avid Ratings, CG Visions, Build Intelligence (DOMO), Event 1 Software (Liberty Reports), LandDev,Punchlist Manager / Inspection Manager, Specitup, and Western Computer.

The three-day MiTek Builder Technology Summit is focused on information sharing. The Summit will kick off by hearing from current customers, presenting alongside their technology providers, to highlight their experiences and the impact these technologies have had on their businesses.

MiTek is urging attendance from senior home building managers, with a special focus on CEOs, COOs, CIOs, CTOs, as well as personnel from the sales, purchasing, scheduling, and quality-assurance departments.

“This Summit is designed as a technology exposition both in addition to a training/educational event.,” said MiTek’s Rob Hooker. “We intend to draw attendees from elite home building companies that want to see the latest technology designed to cut cycle-times, reduce the need for skilled labor, and drive higher profit margins. We’ll see you in Naples!”

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Hathaway’s MiTek USA has announced that Cincinnati-based McCabe Lumber has implemented MiTek’s SAPPHIRE Supply, resulting in a 50% reduction in the time required to generate estimates and material take-offs.

McCabe Lumber is a long-time user of MiTek’s SAPPHIRE Structure for designing and manufacturing prefabricated components.

Using SAPPHIRE Supply, the newest SAPPHIRE module, McCabe can now create the most-accurate 3-D BIM structural frame in the building industry. With SAPPHIRE Supply, a wide range of structural products can be designed for roofs, floors, and wall applications, including proprietary EWP products, dimensional lumber, and MiTek’s USP Structural Connectors’ metal connectors.

SAPPHIRE Supply can also estimate non-structural materials such as drywall, roofing, and housewrap. A flexible formula-builder gives SAPPHIRE Supply users the power to define their own accumulation rules, further increasing accuracy.

McCabe Lumber has a staff of 120 and generates $40 million in annual revenue, Its customers are predominantly high-end custom production home builders and professional remodelers.

“With SAPPHIRE Supply, our material counts and delivery stages are so accurate, we see a clear path to reducing the error and waste rate from as much as 8% down to 2%, which is near-perfect accuracy,” said Dave Renchen, McCabe Lumber’s Estimating Manager.

“SAPPHIRE Supply uses a single shared structural model, and that offers McCabe a unified solution for efficient, consistent and accurate modeling, estimating, on order fulfillment across their organization,” explained MiTek’s Brian McCormick. “SAPPHIRE Supply eliminates the classic problem of inconsistent sales estimating, because it delivers accurate modeling and estimating on every structure.”

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Hathaway’s MiTek Industries, Inc. has appointed Mark Thom as its new CEO. The current CEO, Tom Manenti, will assume the role of Executive Chairman for 2017. For now, Mr. Manenti will continue to report to Warren Buffett.

Mr. Thom has a rich background of executive leadership and achievement in management and sales. For 16 years, he led teams within the former Tyco Healthcare, a nearly $12 billion global manufacturer of medical and pharmaceutical products, where Mr. Thom received top honors as a sales person.

Thom began his career at Tyco Healthcare after graduation from Miami University and rose to the role of president of the Tyco’s Vascular Therapy division in 1998, just eight years after he left college. Soon after Tyco Healthcare acquired Mallinckrodt Medical, Mr. Thom was named president of Mallinckrodt’s Diagnostic Imaging business, and he was later named Group President, Tyco Healthcare in early 2003. In recent years he served as leadership consultant to the MiTek senior leadership team, where he learned the MiTek business and its culture.

Mr. Thom assumes the CEO role at MiTek at a fortuitous time for the Company. With notable acquisitions, diversification, and organic growth, MiTek has doubled in size since 2011, and has a strategic plan in place to double again over the next five years. His addition now provides leadership continuity as Mr. Manenti retires in January, 2018.

“The naming of Mark to the CEO position addresses one of my key business imperatives – Leadership Development and Succession Planning – a well-developed and widely used road map for MiTek leadership into the future,” said Tom Manenti, Chairman and CEO of MiTek. “More importantly, Mark is simply a top performer, in the very elite class of executives in multiple categories of corporate operations and effective leadership. I was thrilled when Mark accepted the CEO position. It was a banner day for MiTek worldwide!”

MiTek is a diversified, global business supplying a wide range of engineered products; proprietary business management and design software; and automated equipment to the construction and industrial markets.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.