An industry leader serving the residential, commercial, and agricultural roofing and siding markets, announced today that it has entered into a definitive agreement to be acquired by Cornerstone Building Brands, Inc. (NYSE: CNR). Cornerstone Building Brands is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America.
“We’re excited that Cornerstone Buildings Brands is acquiring Union Corrugating Company and the Reed’s Metals brands,” said Keith Medick, President and Chief Executive Officer. “We are confident that this acquisition will benefit our existing customers with access to an unmatched portfolio of products and services. We’ve seen a lot of positive changes over the years, and one thing remains the same, we are focused on delivering quality products, superior service and value for our customers. We’re excited to become a part of the successful Cornerstone Building Brands team.”
The acquisition is subject to regulatory approval and customary closing conditions and is expected to be finalized later this year.
Union Corrugating Company, headquartered in Fayetteville, N.C., is an industry leader serving residential, commercial, and agricultural roofing and siding markets from 10 manufacturing facilities throughout the central and eastern U.S.
Union Corrugating Company manufactures metal roofing that’s durable, efficient and sustainable with minimal environmental impact.
Reed’s Metals, headquartered in Brookhaven, MS, is a provider of metal roofing systems, metal roofing panels, post frame, tube buildings and pre-engineered steel buildings. Comprised of 10 locations (8 manufacturing sites and 2 storefronts) with 3 IAS certified plants utilizing state-of-the-art technology and fabrication methods to provide unprecedented quality and service, with same-day availability on in-stock standard roofing orders and supplies, on-site roll forming for standing seam projects and job-site delivery.
