This Slide: #21 of 25 |
Slide #21. Quanex Building Products Corporation — Assets of Alumco
Acquirer:
Quanex Building Products Corporation (NYSE:NX)
Acquiree:
Assets of Alumco
Details:
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. The majority of these components can be categorized as window and door components and kitchen and bath cabinet components. Co. also provides certain other non-fenestration components and products, which include solar panel sealants, trim moldings, vinyl decking, vinyl fencing, water retention barriers, and conservatory roof components. Co. serves a primary customer base in North America and the U.K., and also serves customers in international markets through its operating plants in the U.K. and Germany, as well as through sales and marketing efforts in other countries.
NX SEC Filing Email Alerts Service
Open the NX Page at The Online Investor »
|
Open the NX Page at The Online Investor (in a new window) »
Free NX Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Strong Buy (4.00 out of 4) 84th percentile
(ranked higher than approx. 84% of all stocks covered)
Analysts' Target Price: NX Stock Forecast Based on Zacks ABR data; powered by Xignite |