Cornerstone Building Brands Completes Acquisition of Union Corrugating Company; Expands Metal Roof Offering to Residential Market
Cornerstone Building Brands, Inc. (NYSE:CNR) (the "Company"), the largest manufacturer of exterior building products in North America, today announced that it had completed the acquisition of Union Corrugating Company Holdings, Inc. ("UCC"), a leading provider of metal roofing, roofing components, and accessories.
"We are excited to welcome our UCC colleagues to the Cornerstone Building Brands family," said Rose Lee, President and Chief Executive Officer. "With the addition of UCC, we are expanding our solutions offerings to customers in the growing residential metal roofing market and are positioned to realize greater manufacturing economies of scale."
The transaction was funded with cash on hand and the Company will report UCC results through the Commercial business segment.
About Cornerstone Building Brands
Cornerstone Building Brands is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. Our market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories. Cornerstone Building Brands' broad, multichannel distribution platform and expansive national footprint includes more than 20,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture. We are committed to contributing positively to the communities where we live, work and play. For more information, visit us at www.cornerstonebuildingbrands.com
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