An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Cornerstone Building Brands, Inc. (NYSE: CNR) has successfully acquired Union Corrugating Company Holdings, Inc. (UCC), enhancing its position in the metal roofing market. This acquisition aims to broaden the solutions available to customers, particularly in the growing residential metal roofing sector, allowing for increased manufacturing economies of scale. The transaction was financed using cash on hand, and UCC's financial performance will be integrated into Cornerstone's Commercial business segment.
Positive
Acquisition of UCC strengthens product offerings in the residential metal roofing market.
Expected increase in manufacturing economies of scale from the acquisition.
Negative
None.
CARY, N.C.--(BUSINESS WIRE)--
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
What is the purpose of Cornerstone Building Brands' acquisition of Union Corrugating Company?
The acquisition aims to expand Cornerstone's solutions offerings in the growing residential metal roofing market.
When did Cornerstone Building Brands acquire Union Corrugating Company?
Cornerstone Building Brands completed the acquisition of Union Corrugating Company Holdings, Inc. recently, as announced in their latest press release.
How will the acquisition of UCC impact Cornerstone Building Brands' financial performance?
UCC's results will be reported through the Commercial business segment, potentially enhancing revenue from the metal roofing sector.
What are the expected benefits of the acquisition for shareholders of CNR?
Shareholders may benefit from expanded market reach and improved manufacturing efficiencies, leading to potential revenue growth.
