Cornerstone Building Brands to Acquire Harvey Building Products

March 20th, 2024 by Editor

Cornerstone Building Brands Inc., a North American manufacturer of exterior building products, has announced it has reached an agreement to acquire Harvey Building Products, the manufacturer of brands including: Harvey, SoftLite and Thermo-Tech. Headquartered in Waltham, Massachusetts, Harvey has approximately 1,200 employees at four manufacturing facilities located throughout the Northeast and Midwest. The company primarily serves the Eastern United States, supplying custom doors and windows.

“We are thrilled to be joining Cornerstone Building Brands as this new partnership will mark an exciting chapter in Harvey’s growth journey,” says Justin St. Hilaire, president of Harvey Building Products. “The company’s strong customer focus, deep channel relationships and extensive product breadth make it a perfect partner to accelerate our future growth while continuing our mission of delivering a quality experience to our internal and external stakeholders. We are immensely thankful to our previous owner, Dunes Point Capital, for helping us reach this stage of development.”

According to company officials, the acquisition is strategic and increases its exposure to the repair and remodel (R&R) market, as well as strengthening the company’s distribution and dealer channels and adding premium products to its portfolio.

“Harvey Building Products has a strong reputation as a premium R&R manufacturer and is an ideal addition to Cornerstone Building Brands as we forge ahead in our journey to be a premier exterior building products company,” says Rose Lee, president and CEO of Cornerstone Building Brands. “This transaction will strengthen our presence across the Northeast and the Midwest with key leading brands. It will also enable us to be a stronger partner of choice for our customers and to better serve them.”

Cornerstone Building Brands expects the transaction to be accretive through purchasing synergies and revenue growth opportunities. The transaction, subject to regulatory approval and customary closing conditions, is expected to close in the second quarter of 2024.

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