Ply Gem to be Acquired by Clayton in Blockbuster $2.4 Billion Deal
The deal also includes the acquisition of Atrium Windows & Doors, creating a major exterior building products company.
Ply Gem Holdings, Inc., a leading North American building products manufacturer, has entered into a definitive purchase agreement with Clayton, Dubilier & Rice (CD&R). Clayton will acquire all outstanding Ply Gem shares, and also agreed to acquire Atrium Windows & Doors and plans to combine the companies. The combined deal will create an exterior building products company with total revenue of more than $2.4 billion in 2017.
The transactions are expected to close simultaneously in the second quarter of 2018 and are subject to the receipt of customary closing conditions, including regulatory approvals. Closing of the acquisition of Ply Gem is not subject to the closing of the acquisition of Atrium.