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Slide #21. Quanex Building Products Corporation — Assets of Alumco
Quanex Building Products Corporation (NYSE:NX)
Assets of Alumco
Quanex Building Products Corporation (NYSE:NX), a leading manufacturer of engineered materials, components and systems serving domestic and international window and door OEMs through its Engineered Products and Aluminum Sheet Products Groups, today announced it signed a definitive agreement to acquire the assets of Alumco, Inc. and its subsidiaries in an all cash transaction. The assets to be purchased include Aluminite, a screen producer for the window and door industry. The acquisition is expected to be accretive to earnings per share in 2013 and close by December 31, 2012. The purchase price and other financial information related to Alumco will not be publicly disclosed.
Quanex Building Products manufactures components for original equipment manufacturers in the building products industry. Co.'s segments are: North American Fenestration, which focuses on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration, comprising Co.'s U.K.-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European IG business manufacturing IG spacers; and North American Cabinet Components, comprising Co.'s North American cabinet door and components business and two wood-manufacturing plants.
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