RYE, N.Y. — Dunes Point Capital (DPC) has entered into a definitive agreement to sell the distribution business of Harvey Building Products to Lansing Building Products. The transaction is expected to close in the second quarter of 2020.
Simultaneously, Lansing Building Products entered into a definitive agreement to sell a majority interest to Markel Corporation. DPC will retain the manufacturing business of Harvey Building Products.
Located in Waltham, Mass., the distribution business of Harvey sells windows, doors, roofing, siding and other building materials directly to contractors, builders, general contractors and other building industry professionals. The distribution business of Harvey operates 36 distribution centers and 14 product showrooms that are open to the public in the Northeast.
Harvey separately owns a manufacturing business that manufactures and sells windows and doors under the Harvey, Northeast Building Products, Soft-Lite, and Thermo-Tech brands, which will be retained by DPC. DPC is an investment firm that pursues control investment in companies operating in the industrial sector, targeting companies with enterprises of up to $1 billion.
For more information, please visit www.harveybp.com.