Unirac Buys SolarHooks Assets

With this addition, the company now offers a comprehensive product line to the residential market which is a large and growing segment of the solar PV industry.

US-based solar PV mounting systems maker Unirac has expanded its solutions offering by acquiring certain assets of SolarHooks, California-headquartered manufacturer of residential solar roof attachments.

With this addition, the company now offers a comprehensive product line to the residential market which is a large and growing segment of the solar PV industry.

Commenting on the acquisition, Unirac, CEO, President, Peter Lorenz said, “We’re excited to provide a total solution for solar installers. Our customers have been asking us for a complete product line with the quality of Unirac’s engineering and supply chain.”

“The acquisition also demonstrates Unirac’s strength and its ability to take advantage of market opportunities. As we celebrate our 20th year, this investment reflects our confidence in the solar industry and our commitment to our customers,” said Lorenz.

The company’s acquisition of SolarHooks’ product lines is the result of an extensive market review.

“We surveyed the entire market and concluded that SolarHooks has the best technologies and best value for our customers,” said Ernest Gallegos, Director of Products at Unirac.

The California based company’s product portfolio includes a variety of attachment and flashing solutions for residential tile and composition shingle roofs. It also plans to release an improved tile replacement solution.

Also, J.P. Bretl, a Managing Director of Tenex Capital Management, Unirac’s lead investor along with management, remarked, “We look forward to working with Unirac’s leadership team to further enhance its market leadership position in solar panel mounting systems by bringing additional best-in-class solutions to its portfolio.”

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Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.

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