Union Corrugating Holdings to Be Acquired by Cornerstone Building Brands

1080

Union Corrugating Company Holdings, Inc. announced that it has entered into a definitive agreement to be acquired by Cornerstone Building Brands, Inc.

FAYETTEVILLE, N.C. (GLOBE NEWSWIRE) — Union Corrugating Company Holdings, Inc. an industry leader serving the residential, commercial, and agricultural roofing and siding markets, announced that it has entered into a definitive agreement to be acquired by Cornerstone Building Brands, Inc. (NYSE: CNR). Cornerstone Building Brands is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America.

“We’re excited that Cornerstone Buildings Brands is acquiring Union Corrugating Company and the Reed’s Metals brands,” said Keith Medick, President and Chief Executive Officer. “We are confident that this acquisition will benefit our existing customers with access to an unmatched portfolio of products and services. We’ve seen a lot of positive changes over the years, and one thing remains the same, we are focused on delivering quality products, superior service and value for our customers. We’re excited to become a part of the successful Cornerstone Building Brands team.”

The acquisition is subject to regulatory approval and customary closing conditions and is expected to be finalized later this year.

Comments