Quanex Building Products Corporation Acquires Assets of Atrium's Greenville, TX Vinyl Extrusion Facility
December 31 2013 - 4:00PM
Quanex Building Products Corporation (NYSE:NX), a
leading manufacturer of fenestration products for the global window
and door industry, today announced it has acquired the assets of
Atrium Windows and Doors, Inc.'s Greenville, Texas facility. The
assets purchased include six vinyl extrusion lines, with the
ability for additional expansion.
"I'm pleased to welcome the team in Greenville into the Quanex
family," said Bill Griffiths, Quanex chairman, president and chief
executive officer. "This acquisition is a step forward in our
previously articulated strategy of acquiring vertically integrated
customer assets. Additionally, it allows us to expand our product
portfolio serving the new construction market and its strategic
location increases our manufacturing presence in the southern U.S.,
allowing us to better serve our window and door customers."
Atrium will continue to self-extrude vinyl in its Welcome, North
Carolina and St. Thomas, Ontario, Canada (North Star) locations.
Atrium will also continue to self-extrude aluminum in its Wylie,
Texas location. Furthermore, Atrium has entered in to a long-term
supply agreement with Quanex for continued supply of their
proprietary vinyl extrusion designs from the Greenville, Texas
facility.
Quanex Building Products Corporation is a leading manufacturer
of fenestration products, for the global window and door industry,
that delivers shareholder value through a combination of organic
growth and strategic acquisitions. The Company is listed on the
NYSE under the symbol NX. For further information, visit the
Company's website at www.quanex.com.
Atrium Windows and Doors, Inc. has offered the highest quality
window and door products to builders, contractors, and the
residential construction industry for more than 50
years. Dedicated to meeting the needs of its customers, the
Atrium family of brands provides a versatile range of window and
patio door products, including vinyl and aluminum models, as well
as replacement and new construction product lines. For more
information, visit Atrium's website at http://www.atrium.com.
Statements that use the words "estimated," "expect," "could,"
"should," "believe," "will," "might," or similar words reflecting
future expectations or beliefs are forward-looking statements. The
forward-looking statements include, but are not limited to, future
operating results of Quanex, the financial condition of Quanex,
future uses of cash and other expenditures, expenses and tax rates,
expectations relating to the company's ERP project, expectations
relating to the company's industry, and the company's future
growth. The statements in this release are based on current
expectations. Actual results or events may differ materially from
this release. Factors that could impact future results may include,
without limitation, the effect of both domestic and global economic
conditions, the impact of competitive products and pricing, the
availability and cost of raw materials, and customer demand. For a
more complete discussion of factors that may affect the company's
future performance, please refer to the company's Form 10-K filing
on December 18, 2013, under the Securities Exchange Act of 1934
("Exchange Act"), in particular the section titled, "Private
Securities Litigation Reform Act" contained therein.
CONTACT: Financial Contact:
Marty Ketelaar, 713-877-5402;
Media Contact: Valerie Calvert, 713-877-5305
For additional information, please visit www.quanex.com
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