Fortune Brands Completes Acquisition of Fiberon as Part of Doors & Security Segment

DEERFIELD, Ill.–(BUSINESS WIRE)–Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading home and security products company, today announced it completed the acquisition of Fiberon, LLC, a leading manufacturer of outdoor performance materials used in decking, railing and fencing products. Fortune Brands announced an agreement to acquire Fiberon on August 23, 2018. Fiberon is now part of Fortune Brands’ Doors & Security segment.

The Company completed the acquisition for a purchase price of approximately $470 million, which was funded with cash on hand and borrowings under its revolving credit and term loan facilities. In 2017, Fiberon had approximately $200 million in annual sales. Fiberon has approximately 475 associates with offices and operations in Meridian, Idaho and New London, North Carolina. Fortune Brands expects to maintain Fiberon’s current operations and locations.

About Fortune Brands

Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, Ill., creates products and services that fulfill the dreams of homeowners and help people feel more secure. The Company’s operating segments are Plumbing, Cabinets and Doors & Security. Its trusted brands include Moen, Perrin & Rowe, Riobel, Rohl, Shaws and Victoria + Albert under the Global Plumbing Group (GPG); more than a dozen core brands under MasterBrand Cabinets; Therma-Tru entry door systems, Fiberon outdoor performance materials, and Master Lock and SentrySafe security products. Fortune Brands holds market leadership positions in all of its segments. Fortune Brands is part of the S&P 500 Index. For more information, please visit www.FBHS.com.

Contacts

INVESTOR and MEDIA CONTACT:
Fortune Brands Home & Security, Inc.
Kaveh Bakhtiari
847-484-4573
kaveh.bakhtiari@FBHS.com

MoistureShield’s CoolDeck Technology Chosen as a Professional Builder Magazine 2018 Top 100 Product

ATLANTA, Aug. 31, 2018 /PRNewswire-PRWeb/ — Professional Builder has selected MoistureShield’s CoolDeck Technology from Oldcastle Composites as one of its 2018 Top 100 Products. Based on reader inquiries, the list is now in its sixth year, helping keep readers up to date on the latest and greatest products from the past year.

Readers of Professional Builder selected MoistureShield’s CoolDeck Technology as one of its 2018 Top 100 Products. CoolDeck can reduce heat absorption by up to 35% over traditional capped composites.

Available in select MoistureShield product lines, CoolDeck has addressed a major issue for capped composite decks, docks, and marinas: heat absorption. The technology can reduce heat absorption by up to 35 percent compared to traditional capped composites.

Pro Builder’s annual Top 100 Products does not require a formal entry and there are no judges to choose the winning products, it is completely based on reader interest over the past 12 months. The products are then grouped into 10 categories for reader convenience.

“With concerns in recent years about heat build-up in composite decking, we are extremely gratified that our CoolDeck technology has been recognized by Pro Builder’s readers,” said Josh Landis, Senior Marketing Manager, Oldcastle APG. “With the integration of our global R&D resources, we will continue to innovate to deliver both aesthetic and performance solutions to our contractors and homeowner customers.”

Check out Professional Builder’s Top 100 Exterior Products at https://www.probuilder.com/2018-top-100-products-exterior-products. For more information on MoistureShield and to find dealers, visit https://www.moistureshield.com

About Composite Decking at Oldcastle APG: 
Oldcastle APG, a CRH company, proudly manufactures composite deck boards and related products serving a range of retail and distribution customers across North America and several international markets. ChoiceDek and MoistureShield are brands within the composite decking category. The development of new technologies and patents has enabled Oldcastle to manufacture superior composite products from recycled wood fiber and recycled polyethylene plastic for the building and construction markets.

SOURCE MoistureShield

dasso Group officiates its 8th manufacturing facility

Atlanta, August 25, 2018 – dasso officiated its 8th factory today at Zixi County, Jiangxi.  The new factory is a replacement of the existing factory which had to be relocated due to city boundary expansion.  The new factory has a design capacity of 10 million sq.ft per annual (1 million m2/year) of dassoXTR Fused Bamboo, an increase of production capacity by 4 times its original capacity.  The new factory, named after its original name – Jiangxi Zhushang Bamboo Industrial Co., Ltd is built with state of art production equipment and machineries which could produce both Classic and Epic Fused Bamboo (https://dassoxtr.com/Fused-Bamboo-Principles-Technology.aspx).  This new facility occupies an area of 20 acres of land with sufficient space for future expansion.

dasso Group thanked all its customers, suppliers and employees for theirs continued support and dedication in making this relocation a success.  The rebuilding of Jiangxi Zhushang factory was first announced on June 26, 2017.  It only took dasso 13 months and 29 days to reconstruct the facilities and reinstall all the new production equipment, one day shy of 14 months.  The project started from “greenfield” to “first board production” in an astonishingly short period of time.  Four (4) months for earthwork, and ten (10) months for civil work couple with equipment erection within 6 months.

dasso will be launching its Epic dassoXTR Fused Bamboo with production form Jiangxi Zhushang Bamboo Industrial Co., Ltd.For further reference on this project, please follow this link: http://blog.dassousa.com/dasso-continues-expansion-project-185000-sqft-factory/ 

Fortune Brands Signs Agreement to Acquire Fiberon; Marks Entry into Fast Growing Outdoor Living Market within New Doors & Security Segment

DEERFIELD, Ill.–(BUSINESS WIRE)–Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading home and security products company, today announced it has signed an agreement to acquire Fiberon, LLC, a leading manufacturer of outdoor performance materials used primarily in decking, railing and fencing products. Fiberon will join Fortune Brands’ new Doors & Security segment on closing and has agreed to be acquired for approximately $470 million.

“The acquisition of Fiberon provides exciting category expansion and product extension opportunities for our Doors & Security segment into the outdoor living space— one of the fastest growing areas of the home,” said Chris Klein, chief executive officer, Fortune Brands. “Fiberon brings leadership in performance materials sustainably made in the U.S.A. from recycled materials. Similar to Therma-Tru’s leadership in advanced material doors, Fiberon has built its business in the most attractive segment of the decking category– non-wood, capped composites.”

The $2.5 billion decking market is a critical part of outdoor living spaces with growing conversion to non-wood materials. Capped composite non-wood products where Fiberon has focused its business are growing at nearly 10% annually and now represent approximately one quarter of the decking market. This exceptional growth is driven by demand for innovations in finishes, textures, colors and styles coupled with low maintenance and lasting durability versus traditional wood.

“Our Doors & Security platform has the scale and capabilities to further Fiberon’s penetration of the market across our existing customers and distribution channels in this growing market segment,” said Klein. “Our execution and momentum within our Therma-Tru door brand coupled with Fiberon’s successful business model and product line create an exciting opportunity to accelerate growth and value creation. The acquisition is expected to be accretive to earnings by approximately 5-6 cents in 2019 and approximately 9-10 cents in 2020.”

“Fortune Brands’ strong distribution, commitment to brands, innovation and design, and superior execution are a powerful combination to drive sales and profit growth,” said Doug Mancosh, chief executive officer and president, Fiberon. “We are excited to join Fortune Brands and create new opportunities for Fiberon to thrive.”

In 2017, Fiberon had approximately $200 million in annual sales. Fiberon has approximately 475 associates with offices and operations in Meridian, Idaho and New London, North Carolina. The Company plans for Fiberon to operate as a part of the Doors & Security segment.

The closing of the transaction is subject to regulatory approval and is expected to occur within the next 30 days.

About Fortune Brands

Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in Deerfield, Ill., creates products and services that fulfill the dreams of homeowners and help people feel more secure. The Company’s operating segments are Plumbing, Cabinets and Doors & Security. Its trusted brands include Moen, Perrin & Rowe, Riobel, Rohl, Shaws and Victoria + Albert under the Global Plumbing Group (GPG); more than a dozen core brands under MasterBrand Cabinets; Therma-Tru entry door systems; and Master Lock and SentrySafe security products under The Master Lock Company. Fortune Brands holds market leadership positions in all of its segments. Fortune Brands is part of the S&P 500 Index. For more information, please visit www.FBHS.com.

Cautionary Statement Concerning Forward-Looking Statements

This release contains certain “forward-looking statements” regarding future financial performance and the effects of the Fiberon acquisition. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans and expectations of our management. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated in such statements including the factors discussed in Item 1A of the Fortune Brands Home & Security, Inc. Annual Report on Form 10-K for the year ended December 31, 2017, filed with the Securities and Exchange Commission. In addition, this release contains forward-looking statements that involve risks and uncertainties associated with the acquisition. These include: the satisfaction of closing conditions for the transaction, market conditions and the impact of any failure to complete the transaction. The forward-looking statements included in this release are made as of the date hereof, and except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect events, new information or circumstances occurring after the date hereof.

Contacts

Fortune Brands Home & Security, Inc.
INVESTOR and MEDIA CONTACT:
Kaveh Bakhtiari
847-484-4573
kaveh.bakhtiari@FBHS.com

Deckorators® Introduces Fastendry to Pool and Spa Market

Press contact:
Chris Camfferman                                                                     
Director of Category Marketing – Outdoor Living, Home and Décor
616-365-1554
616-304-9400
ccamfferman@ufpi.com

For Immediate Release

Deckorators® Introduces Fastendry to Pool and Spa Market

Innovative new deck water management system features fastening capability

Grand Rapids, Mich., August 1, 2018 Deckorators®, a leading brand of Universal Forest Products, Inc. (Nasdaq: UFPI), has introduced Deckorators® FastendryTM to the pool and spa market. The exclusive system combines water management and deck board fastening capability in one solution. The product enables contractors to create valuable under-deck dry storage while saving up to 50 percent on installation time and 25 percent on installation cost versus competitive water management products.

Fastendry fits in the slotted edges of Deckorators composite decking, forming a tight seal that prevents water from passing through the spaces between boards. This keeps the understructure dry for longer understructure life, while making dry space for storage of pool toys, supplies and more. The polymer insert has a rigid base plate that fastens decking to joists with a nail gun, allowing for efficient deck board fastening during system installation.

Deckorators Fastendry

In pool and spa applications, Fastendry perfectly complements Deckorators VaultTM composite decking, which was named one of the Top 100 Best New Home Products of 2016 by This Old House magazine.

Made with polypropylene and mineral filler in the exclusive EovationsTM process, Vault decking absorbs virtually no moisture because it contains no organic material. Decking with EovationsTM technology significantly outperformed leading competitive wood-plastic composite decking in recent water absorption testing. Eovations technology also gives Vault unmatched stability: Vault has the lowest thermal expansion/contraction of any competitive deck board.

Vault is backed by a 25-year structural, 25-year stain-and-fade and 25-year removal-and-replacement warranty, which states that the boards “may be installed in contact with the ground or submersion in water.” Deckorators is one of the only brands in the industry to stand behind installations in, or in contact with, water or ground.

“The technology combination of Vault and Fastendry is unlike anything available in the pool and spa market today,” said Chris Camfferman, director of category marketing for Deckorators, the leading brand in composite decking, railings, balusters, post caps and other products. “With Vault and Fastendry, contractors can create beautiful, water-resistant decks with extra storage around pools, spas and hot tubs. And they can do so while realizing significant labor and cost savings.”

Fastendry is available in black 12-, 16- and 20-foot lengths. It is covered by a 25-year limited warranty on manufacturing defects.

For more information, visit www.deckorators.com/fastendry or call 800-332-5724. Fastendry installation videos can be found on the Deckorators YouTube page

About Deckorators

Deckorators, the first name in deck railing and accessories and the originator of the round aluminum baluster, is a brand of Universal Consumer Products, Inc., a subsidiary of Universal Forest Products, Inc. Deckorators started the low-maintenance aluminum balusters category with the Classic Series and has since led the industry with many new and innovative deck railing accessory products. Its approach to developing exciting and distinct deck products allows both DIYers and builders the opportunity to express personal creativity on their deck, as they do in their homes.

To learn more about Deckorators railing and railing accessories, visit www.deckorators.com or call 800-332-5724.

Follow Deckorators on Instagram: @Deckorators
Facebook: www.facebook.com/Deckorators
YouTube: www.youtube.com/DeckoratorsProducts
Pinterest: www.pinterest.com/deckorators

UNIVERSAL FOREST PRODUCTS, INC. (NASDAQ: UFPI)

Universal Forest Products, Inc. is a holding company with subsidiaries and operations around the world that supply three markets: retail, construction and industrial. Founded in 1955, the Company is headquartered in Grand Rapids, Mich. For more information about Universal Forest Products, Inc., or its affiliated operations, go to www.ufpi.com.

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CertainTeed Corporation Acquires Hunter Douglas North American Ceilings Business

MALVERN, Pa., Aug. 1, 2018 /PRNewswire/ — CertainTeed Corporation today announced that it has acquired the Hunter Douglas North American ceilings business. This acquisition marks a significant benchmark of growth for CertainTeed Ceilings – a leader in the North American ceilings market and part of a commercial business offering that includes CertainTeed’s roofing, siding, fence, decking, railing, trim, insulation, drywall and ceiling products.

Specializing in acoustical ceiling and wall solutions, CertainTeed Ceilings has long served the North American construction industry. Its product portfolio includes all purpose and high-performance acoustic ceiling panels, specialty gypsum and wood ceilings, suspension systems and custom engineered acoustic solutions.

Hunter Douglas, a company with a rich heritage in product innovation, is also a notable leader in the ceilings and walls industry. By adding its range of aluminum, felt and fiberglass ceiling systems to CertainTeed Ceilings’ established product portfolio, CertainTeed Ceilings can now offer design solutions for the full spectrum of commercial projects.

“CertainTeed Ceilings makes it easier to specify, purchase and install the right ceiling systems for any commercial space and this acquisition only improves that benefit,” said Mark Rayfield, President and CEO of CertainTeed Corporation. “As part of our robust commercial business offerings, the acquisition allows us to deliver single source convenience and a range of solutions to make our customers’ jobs even easier. That will always be our top priority.”

The addition of Hunter Douglas ceiling and wall products will increase CertainTeed’s presence in the high-growth architectural specialty market. Its expanded product portfolio will now also include Hunter Douglas’:

Comprehensive line of metal ceilings, walls and exterior soffitsTechstyle™ large format acoustical panels with custom design capabilitiesHeartFelt™, a newly introduced line of felt ceiling and wall systems

“As the market has continued to demand more specialty solutions, we have been actively developing a product portfolio that delivers the creative solutions architects and designers are seeking,” said Carmen Bodden, Vice President and General Manager of CertainTeed Ceilings. “Hunter Douglas has innovative and diverse ceilings and wall product lines that fulfill this strategy perfectly by meeting the creative and functional needs of architects and design professionals.”

“CertainTeed places a high value on maintaining the current Hunter Douglas ceilings team and its innovative, entrepreneurial culture,” said Rayfield. “Over the past 60 years, Hunter Douglas has earned the trust of its customers and is both well respected and highly successful in the ceiling industry.”

As part of this transition, Ron Rice will continue in his role as General Manager of Hunter Douglas Ceilings and will become a part of the CertainTeed Ceilings management team.

About Hunter Douglas Hunter Douglas is the world leader in window coverings, and is also a major manufacturer of architectural products. Its North American ceilings business manufactures architectural ceilings, walls and soffit systems with operations in Norcross, Georgia and Denver, Colorado, and has 100 employees.

About CertainTeed Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 110 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” quickly inspired the name CertainTeed. Today, CertainTeed® is a leading North American brand of exterior and interior building products including roofing, siding, fence, decking, railing, trim, insulation, drywall and ceilings.

A subsidiary of Saint-Gobain, one of the world’s largest and oldest building products companies, CertainTeed and its affiliates have more than 5,700 employees and more than 60 manufacturing facilities throughout the United States and Canada. The group had total sales of approximately $3.7 billion in 2017. www.certainteed.com

View original content with multimedia: http://www.prnewswire.com/news-releases/certainteed-corporation-acquires-hunter-douglas-north-american-ceilings-business-300689965.html

SOURCE CertainTeed

AZEK® Building Products Partners with Huttig® Building Products-Dallas to Distribute Full Line of AZEK® and TimberTech® Brands

SKOKIE, Ill.July 17, 2018 -AZEK Building Products, a leading manufacturer of premium outdoor products, announces a distribution partnership with Huttig Building Products – Dallas, TX. As one of America’s largest wholesale distributors for more than 130 years, Huttig will offer the full line of AZEK and TimberTech brand products to its extensive dealer network in Texas and Oklahoma.

“With extreme weather across the spectrum, including heat, damaging sun and hail, our dealers need great looking products that resist the elements and endure over time,” said Kevin Brennan, Huttig VP of Sales – West. “AZEK’s premium products are well-suited to the growing markets in Texas and Oklahoma, which are booming in many regions and undergoing extensive rebuilding in areas hit by Hurricane Harvey last summer,” he said.

According to Joe Ochoa, President, AZEK Building Products, Huttig is a recognized supply partner in the South-Central territory, known for introducing leading-edge products to dealers in this space. “We are excited to partner with Huttig to accelerate the growth of our great looking, low-maintenance AZEK and TimberTech deck, rail, and trim products in this region.”

With the industry’s largest nature-inspired color palette for decking and railing, along with AZEK Porch and AZEK Trim, AZEK Building Products is dedicated to manufacturing premium exterior solutions that stand up to harsh weather. AZEK features great looks with low-maintenance and the assurance of building code listings and unmatched warranties.

With a vast selection of some of the industry’s top building products and millwork, Huttig provides dealers with top-of-the-line products from the best supplier brands in the country with the services they need to make their business a success in a changing industry.

For more information about Huttig, visit www.huttig.com. To learn more about AZEK Building Products call 1-877-ASK –AZEK (275-2935) or visit www.azek.com.

About AZEK® Building Products:

AZEK Building Products, a division of The AZEK® Company, is a leader in the development of premium, low-maintenance exterior building products. Available to a worldwide audience, our product lines span AZEK® Deck, Rail, Trim, Moulding, Porch, Pavers, and Adhesives, as well as capped wood composite decking and railing under the TimberTech® name. Both brands, synonymous with quality and innovation and made in America, lead their market areas by continually reinventing product lines and redefining entire product categories. For more information about AZEK, visit www.azek.com. For more information on TimberTech, visit www.timbertech.com.

About Huttig® Building Products, Inc

Huttig, currently in its 134th year of business, is one of the largest domestic distributors of millwork, building materials and wood products used principally in new residential construction and in-home improvement, remodeling and repair work. Huttig distributes its products through 27 distribution centers serving 41 states. Huttig’s wholesale distribution centers sell principally to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured home.

SOURCE AZEK Building Products

Barrette Announces DuraLife Acquisition

Barrette Outdoor Living Inc., a leading manufacturer in the outdoor living products industry, announces the acquisition of DuraLife™ decking and railing brands and assets from Integrity Composites LLC. DuraLife is a leading manufacturer of durable composite decking and railing systems. This strategic acquisition provides a natural extension of the category and allows Barrette to further expand their portfolio of product offerings by providing entry into the decking space.

BOL President, Jean desAutels, stated, “We are extremely excited about this acquisition and the opportunities it affords as it will both expand and differentiate our portfolio of products. Our companies are a good fit culturally, which better positions our business to continue its growth as a market leader in the outdoor living products category.”

According to Jim Poulin, National Sales Manager at Integrity Composites LLC, “The Barrette and DuraLife product lines are very complementary. This will allow for both companies to leverage people, equipment and ideas to expand the level and quality of products and services available to our customers.”

The DuraLife brand will remain unchanged and will continue to operate out of the existing Biddeford, Maine facility. Both companies anticipate the integration of the two will be nearly seamless for their customers and distribution partners.

For more information call Barrette Outdoor Living at 1-800-336-2383 or visit http://www.barretteoutdoorliving.com.

About Barrette Outdoor Living:
Barrette Outdoor Living is the North American leader in wood and vinyl fencing and vinyl and aluminum fence and railing manufacturing. Barrette produces and markets exterior home products under a variety of leading brand names through specialty retailers, home centers and lumberyards. The nearly 50-year old company employs 1900 workers in the United States and Canada and is headquartered in Cleveland, Ohio. The company is privately owned and operated by the third generation of the Barrette family. For more information about Barrette, call 1-800-336-2383 or visit http://www.barretteoutdoorliving.com.

About DuraLife Decking and Railing:
DuraLife operates a 100,000 square foot manufacturing and warehouse facility in Biddeford, Maine and its products are sold throughout the U.S. and internationally. For more information on DuraLife, or to find the nearest distributor, visit http://www.duralifedecking.com or call (800) 866-8101.

BlueTarp Financial Releases Its 2018 1st Quarter  Building Supply Index

Index continues to hit all-time high, but delinquencies remain elevated

PORTLAND, ME – May 21, 2018 – BlueTarp Financial – the leading credit management company for B2B suppliers – released its Q1 2018 Building Supply Index. The Q1 2018 12-month trailing average, which accounts for seasonality, hit an all-time high at 130.66, up from 128.84 in Q4 2017.  The unadjusted view also remained high at 125.67 – a 5.6% increase from Q1 2017.

To interpret the index, values below 100 reflect recessionary or recovering performance.  Values above 100 reflect healthy economic activity.

Consumer confidence continues to be the main driver for the elevated index level, with that measure seeing an 8% increase from this time last year.

As a supplement to the Building Supply Index, BlueTarp conducts a quarterly survey of its contractors to gauge sentiment on the current and future state of the economy. Sixty percent of respondents expect the next 12-months to be “somewhat” or “significantly” improved. They are encouraged by an increase in jobs and customer spend, driven by consumer confidence, as well as proposed tax breaks for businesses.

“It’s clear from the index and survey, business is good,” said Scott Simpson, president and CEO of BlueTarp. “I’m a broken record on this, but delinquencies remain hovering at a level where a disruption will trigger a new wave of bad debt – beware.”

The report represents trends from 120,000 pro customers and more than 2,000 building material suppliers across the United States. It also incorporates macro-economic drivers including: building permits, construction spend and consumer confidence as reported monthly by the Census Bureau and The Conference Board.

Learn more at BlueTarp.com, or send them an inquiry through their NADRA member profile page HERE

Subscribe to additional content here. 

About BlueTarp Financial

BlueTarp Financial is a B2B credit management company serving more than 2,000 suppliers since 1998. BlueTarp pays suppliers upfront for their sales and protects them from credit risk so they can fund the growth of their business. Suppliers can customize their program by choosing to manage customer interactions as they do today, or select a full service option where BlueTarp handles customer service and collections. They can also grow sales with options for up to 90 day terms, credit lines up to $1M, and a loyalty rewards program. Learn more at BlueTarp.com, or send them an inquiry through their NADRA member profile page HERE

Kati Glidden
Marketing Manager
207.797.5900 x 9312
kglidden@bluetarp.com

AZEK to acquire Versatex

Versatex, a Portfolio Company of Highlander Partners, Enters into a Definitive Agreement to be Acquired by The AZEK Company

DALLASMay 29, 2018 /PRNewswire/ — Versatex Holdings, LLC , a leading manufacturer of cellular PVC building products serving both the new construction and renovation/remodel markets, has entered into a definitive agreement to be acquired by The AZEK Company (“AZEK”).  Versatex’s management team will remain with the business and continue operations from its production facility in Aliquippa, PA.

Versatex, a Highlander investment since September 2014, is a leading innovator and manufacturer of high-quality, branded exterior trim, sheet, mouldings and other innovative products with an expanding range of building applications.

Mark Blanchat, Chairman of Versatex and a Partner at Highlander, stated, “John Pace and his team have done a tremendous job growing Versatex and enhancing the business.  Versatex has continually grown in revenue and profitability while significantly expanding its salesforce and investing substantially in its production facility and capabilities.  The Company’s success has been achieved through strong leadership and superior management execution.  The team’s efforts have positioned the Company for greater future success, as cellular PVC building products continue to gain share from legacy wood-based offerings and achieve broader adoption in new geographies.”

Jeff L. Hull, Highlander’s President and Managing Partner and board member of Versatex, added, “We thank Versatex’s employees for their hard work in advancing the Company over the past four years, and wish John and his team the very best.  Versatex is an exceptional company and we are extremely proud to have been associated with it.”

John Pace, CEO of Versatex said, “We are excited to enter into this agreement with AZEK, which is an ideal partner for us.  Our companies have complementary strengths and a shared commitment to premium quality, customer service and product innovation.  We thank Highlander for its tremendous support and look forward to working together with AZEK to address the opportunities that alternative materials offer the building envelope market.”

Rothschild & Co.  is serving as the exclusive financial advisor to Versatex in connection with this transaction.

About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with over $2.0 billion of assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, chemicals, building materials, consumer products, and others. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions.  For more information, visit www.highlander-partners.com.

About Versatex Holdings LLC
Versatex manufactures and supplies cellular PVC building products. The Company’s products include trimboards, sheets, cornerboards, beadboards, skirtboards, wraps, beaded profiles, soffit systems, molding profiles, and finishing products. It markets and sells its products through distributors/dealers in the United States and Canada. The Company was founded in 2003 and is based in Aliquippa, Pennsylvania. For more information about Versatex, please visit www.versatex.com.

SOURCE Highlander Partners, L.P.

Related Links

http://www.highlander-partners.com