Posts Tagged ‘ acquire ’

Cornerstone Building Brands to Acquire Harvey Building Products

Mar 20th, 2024

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 […]

And Just Like That: Masonite Goes From Buyer to Seller

Feb 12th, 2024

The pink panther is coming to doors. That was the news Friday, when Owens Corning, a roofing, insulation and composites manufacturer (that’s well-known for using the character in its marketing) announced a deal to acquire Masonite International Corp. The deal was announced weeks after PGT Innovations dismissed Masonite from its own acquisition, leaving Masonite to […]

ODL Sells Zabitat to Pease Doors

Feb 8th, 2024

ODL Inc., a building products manufacturer, and Pease Doors, a distributor of building products, have announced they entered into an agreement for Pease Doors to acquire Zabitat, an ODL subsidiary. Zabitat has been in direct-to-consumer building materials sales for the last decade. “This acquisition helps position Pease Doors as the preeminent direct-to-consumer building materials source […]

PGTI Buyout Turns to Saga as Board Weighs Another Deal

Jan 3rd, 2024

A string of offers has turned a deal to acquire Venice, Fla.-based PGT Innovations Inc. (PGTI) into a saga, after an old suitor returned with a bigger check in hand. In October 2023, Miter Brands (MI Windows and Doors, Milgard Windows and Doors) tendered an offer for $1.9 billion, at $33 per share. When PGTI […]

Execs Answer Key Questions About the Masonite/PGTI Deal

Dec 21st, 2023

– Is the acquisition a culmination of long-term plans? – Will Masonite become a window company? – Will the company expand PGTI’s direct-to-consumer model? – What about PGTI’s new endeavor: Diamond Glass? – What happens with PGTI’s brands? Masonite announced this week it will acquire North Venice, Fla.-based PGT Innovations (PGTI). The $3 billion deal […]

Masonite Tops Miter Brands to Acquire PGT Innovations

Dec 18th, 2023

Masonite edged out Miter Brands this week, as both companies jockeyed to acquire North Venice, Fla.-based PGT Innovations (PGTI). Masonite’s deal to acquire PGTI follows two rejected offers by Miter, including a $2.2 billion offer last week, Reuters reported. Masonite will acquire PGTI for a combination of cash and shares valued at $3.0 billion. Howard Heckes […]

Woodgrain to Acquire Trimco Millwork

Nov 16th, 2023

Woodgrain, a millwork and building products company, announced it will acquire Trimco Millwork, an Aurora, Colo.- based wholesale distributor of moulding, exterior doors, interior doors and other specialty building products. With the acquisition, company officials said Woodgrain increases its distribution network to 35 locations, while expanding its reach into the Rocky Mountain West region. “We […]

Miter Brands Just Offered $1.9 Billion for PGTI, According to Reuters

Oct 10th, 2023

Miter Brands (MI Windows and Doors, Milgard Windows and Doors) tendered an offer of $1.9 billion, in an attempt to acquire Venice, Fla.-based PGT Innovations Inc., according to Reuters. An article posted by the news outlet Tuesday, October 10, said PGTI’s board of directors turned down the “fully-financed $33-per-share offer,” deeming it “inadequate.” Reuters based […]

ASSA ABLOY Receives Clearance from Mexico for the Acquisition of HHI

Jun 7th, 2023

ASSA ABLOY announced that it received clearance from the Mexican competition authority to acquire Spectrum Brands’ Hardware and Home Improvement division. Following the clearance from the Mexican competition authority, the HHI acquisition remains subject to customary closing conditions. In September 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of […]

U.S. and Assa Abloy Reach Abrupt Settlement

May 8th, 2023

A bench trial between the United States and Assa Abloy came to a screeching halt Friday, after the two parties reached a deal to settle the case. The agreement marked a stark change in strategy, after seven months of deliberation in which the U.S. staunchly objected to Assa Abloy’s plan to acquire the HHI division […]