Quanex Building Products Corporation Acquires Assets of Atrium's Greenville,
TX Vinyl Extrusion Facility
HOUSTON, Dec. 31, 2013 (GLOBE NEWSWIRE) -- Quanex Building Products
Corporation (NYSE:NX), a leading manufacturer of fenestration products for the
global window and door industry, today announced it has acquired the assets of
Atrium Windows and Doors, Inc.'s Greenville, Texas facility. The assets
purchased includesix vinyl extrusion lines, with the ability for additional
"I'm pleased to welcome the team in Greenville into the Quanex family," said
Bill Griffiths, Quanex chairman, president and chief executive officer. "This
acquisition is a step forward in our previously articulated strategy of
acquiring vertically integrated customer assets. Additionally, it allows us to
expand our product portfolio serving the new construction market and its
strategic location increases our manufacturing presence in the southern U.S.,
allowing us to better serve our window and door customers."
Atrium will continue to self-extrude vinyl in its Welcome, North Carolina and
St. Thomas, Ontario, Canada (North Star) locations. Atrium will also continue
to self-extrude aluminum in its Wylie, Texas location. Furthermore, Atrium has
entered in to a long-term supply agreement with Quanex for continued supply of
their proprietary vinyl extrusion designs from the Greenville, Texas facility.
Quanex Building Products Corporation is a leading manufacturer of fenestration
products, for the global window and door industry, that delivers shareholder
value through a combination of organic growth and strategic acquisitions. The
Company is listed on the NYSE under the symbol NX.For further information,
visit the Company's website at www.quanex.com.
Atrium Windows and Doors, Inc. has offered the highest quality window and door
products to builders, contractors, and the residential construction industry
for more than 50 years.Dedicated to meeting the needs of its customers, the
Atrium family of brands provides a versatile range of window and patio door
products, including vinyl and aluminum models, as well as replacement and new
construction product lines.For more information, visit Atrium's website at
Statements that use the words "estimated," "expect," "could," "should,"
"believe," "will," "might," or similar words reflecting future expectations or
beliefs are forward-looking statements. The forward-looking statements
include, but are not limited to, future operating results of Quanex, the
financial condition of Quanex, future uses of cash and other expenditures,
expenses and tax rates, expectations relating to the company's ERP project,
expectations relating to the company's industry, and the company's future
growth. The statements in this release are based on current expectations.
Actual results or events may differ materially from this release. Factors that
could impact future results may include, without limitation, the effect of
both domestic and global economic conditions, the impact of competitive
products and pricing, the availability and cost of raw materials, and customer
demand. For a more complete discussion of factors that may affect the
company's future performance, please refer to the company's Form 10-K filing
on December 18, 2013, under the Securities Exchange Act of 1934 ("Exchange
Act"), in particular the section titled, "Private Securities Litigation Reform
Act" contained therein.
CONTACT: Financial Contact:
Marty Ketelaar, 713-877-5402;
Media Contact: Valerie Calvert, 713-877-5305
For additional information, please visit www.quanex.com
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