CARY, N.C.--Cornerstone Building Brands Inc., a manufacturer of exterior building products, was acquired by Clayton, Dubilier & Rice. Shareholders voted June 24 to approve the acquisition and the deal was finalized July 25.
“The closing of this transaction is an important milestone for Cornerstone Building Brands, and we are pleased to be entering our next phase of growth as a private company,” said Jeffrey S. Lee, executive vice president and CFO of Cornerstone Building Brands.
“With CD&R’s operational and strategic support, Cornerstone Building Brands will be even better positioned to accelerate our future growth plans and advance our journey to be the premier exterior building solutions company and deliver enhanced value to our customers. I want to thank all Cornerstone Building Brands employees for their continued dedication and hard work. This transaction is a testament to our team’s unwavering commitment to our customers and focus on executing our strategy. I am excited about the opportunities ahead for Cornerstone Building Brands, and I look forward to continuing our work together as we drive value for all stakeholders.”
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