M&A Deal Summary

Ply Gem Industries Acquires MW Manufacturers

On August 27, 2004, Ply Gem Industries acquired building materials company MW Manufacturers from Investcorp for 320M USD

Acquisition Highlights
  • This is Ply Gem Industries’ 1st transaction in the Building Materials sector.
  • This is Ply Gem Industries’ largest (disclosed) transaction.
  • This is Ply Gem Industries’ 1st transaction in the United States.
  • This is Ply Gem Industries’ 1st transaction in Virginia.

M&A Deal Summary
Date 2004-08-27
Target MW Manufacturers
Sector Building Materials
Buyer(s) Ply Gem Industries
Sellers(s) Investcorp
Deal Type Add-on Acquisition
Deal Value 320M USD

Target

MW Manufacturers

Rocky Mount, Virginia, United States
MW Windows & Doors, a brand of MW Manufacturers Inc., with corporate headquarters in Rocky Mount, Va., is a leading manufacturer of window and door products for the residential construction industry.

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Buyer(S) 1

Buyer

Ply Gem Industries

Cary, North Carolina, United States
Category Company
Founded 1943
Sector Building Materials
Employees4,500
DESCRIPTION

Ply Gem Industries, Inc. is a manufacturer of building products in North America. Number one in vinyl siding and in vinyl and aluminum windows, Ply Gem produces a comprehensive product line of windows and patio doors, vinyl and aluminum siding and accessories, designer accents, cellular PVC trim and mouldings, vinyl fencing and railing, stone veneer, roofing and gutterware products, used in both new construction and home repair and remodeling across the United States and Canada.

DEAL STATS #
Overall 1 of 7
Sector (Building Materials) 1 of 6
Type (Add-on Acquisition) 1 of 3
State (Virginia) 1 of 1
Country (United States) 1 of 6
Year (2004) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-03 Hoover

Thomson, Georgia, United States

Hoover is a producer of fire-retardant treated wood in the world. In addition to its fire-retardant range, Hoover is a full-line treating company with the industry's most effective products and support. Hoover's fire retardant formulations are licensed to a select group of licensee treating plants in North America and the United Kingdom. Hoover was founded in 1955 and is based in Thomson, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-08 Alenco Building Products

Bryan, Texas, United States

Alenco Building Products, Inc. (Alenco Windows) is a manufacturer of residential aluminum and vinyl windows and doors serving primarily new construction markets in the southeastern and southwestern U.S. Headquartered in Bryan, Texas, Alenco has manufacturing facilities located in Texas and Georgia providing high service levels to its core customers in those regions.

Buy $120M

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 19 of 106
Sector (Building Materials) 2 of 5
Type (Add-on Acquisition) 9 of 46
State (Virginia) 2 of 4
Country (United States) 17 of 62
Year (2004) 3 of 8
Size (of disclosed) 29 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 APCOA Parking AG

Stuttgart, Germany

APCOA Parking AG is a European leader in car park management, including airport and city parking sites as well as on-street parking supervision.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-04 Spectel

Dublin, Ireland

Spectel's leading voice, data and web conferencing platforms, applications and professional services make real-time conferencing communication possible. Its customers include leading conferencing service providers such as AT&T, Citizens Conferencing, Conference Plus, ECI, InterCall, Singapore Telecom and Sprint. The company's corporate clients include Nestle, The Walt Disney Co., General Electric, Intel, Lockheed Martin, Goldman Sachs and UBS Warburg. Spectel headquarters are in Dublin, Ireland, and its North American headquarters are in Andover, Massachusetts.

Sell $103M
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