RYE, N.Y., March 16, 2020 /PRNewswire/ -- Dunes Point
Capital, LP ("DPC") has entered into a definitive agreement to sell
the distribution business of Harvey Building Products ("Harvey") to
Lansing Building Products ("Lansing"). The transaction is expected to
close in the second quarter of 2020. Simultaneously,
Lansing entered into a definitive
agreement to sell a majority interest to Markel Corporation (NYSE:
MKL). DPC will retain the manufacturing business of
Harvey.
Located in Waltham, MA, the
distribution business of Harvey sells windows, doors, roofing,
siding and other building materials directly to contractors,
builders, general contractors and other building industry
professionals. The distribution business of Harvey operates
36 distribution centers and 14 product showrooms that are open to
the public in the Northeast.
Harvey separately owns a manufacturing business that
manufactures and sells windows and doors under the Harvey,
Northeast Building Products, Soft-Lite, and Thermo-Tech brands,
which will be retained by DPC. For more information, please
visit www.harveybp.com.
About DPC: DPC is a family office and private investment
firm, pursuing control investments in companies operating in the
general industrial sector. DPC targets companies with enterprise
values of up to $1 billion. For more
information, please visit www.dunespointcapital.com.
About Harvey: Founded in 1961, Harvey is both a
distributor of exterior building products and a manufacturer of
windows and doors. The distribution business of
Harvey operates 36 distribution centers and 14 product
showrooms that are open to the public. The manufacturing
business of Harvey manufactures and sells windows and doors under
the Harvey, Northeast Building Products, Soft-Lite, and Thermo-Tech
brands. For more information, please visit
www.harveybp.com.
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SOURCE Dunes Point Capital, LP