Building Products Divestitures in 2021
Acquisition Volume in Building Products Divestitures in 2021 by Year
Last 5 years
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December 29, 2021
- Buyer
- Oldcastle APG, CRH
- Target
- South Jersey Agriculture Products
- Seller
- South Jersey Agriculture Products
- Industry
- Building Products
- Location
- New Jersey, United States
- Type
- Divestiture
Oldcastle APG, a CRH company, acquired the recycling and mulch operations of South Jersey Agriculture Products (SJAP) in December 2021. The deal expands Oldcastle APG’s manufacturing capacity and market presence in the Mid-Atlantic lawn & garden category by adding recycled-material mulch and soil production capabilities.
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- Buyer
- Oldcastle APG, CRH plc
- Target
- Pebble Technology International (Pebble Tec)
- Seller
- Graycliff Partners LP
- Industry
- Building Products
- Location
- Arizona, United States
- Type
- Divestiture
Oldcastle APG, a subsidiary of CRH plc, has acquired Pebble Technology International (Pebble Tec) from Graycliff Partners LP. Pebble Tec, based in Scottsdale, Arizona, is a leading maker of branded outdoor living products focused on aggregate swimming pool finishes; Graycliff acquired the company in 2018 and grew its supply network and product portfolio prior to the sale.
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July 6, 2021
- Buyer
- DOVISTA A/S
- Target
- WERU Group
- Seller
- H.I.G. Capital
- Industry
- Building Products
- Location
- Baden-Württemberg, Germany
- Type
- Divestiture
DOVISTA A/S has signed a definitive agreement to acquire WERU Group, a leading German manufacturer of windows and exterior doors, from H.I.G. Capital. The acquisition will expand DOVISTA’s presence and traction in the German market and integrate WERU’s premium product portfolio and manufacturing footprint into the DOVISTA group. The transaction is subject to antitrust clearance.
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- Buyer
- Hardwoods Distribution Inc. (HDI)
- Target
- Novo Building Products LLC
- Seller
- Blue Wolf Capital Partners
- Industry
- Building Products
- Location
- Michigan, United States
- Type
- Divestiture
Hardwoods Distribution Inc. (TSX: HDI) agreed to acquire Novo Building Products LLC from Blue Wolf Capital Partners in a transaction announced June 23, 2021; the purchase price was disclosed by HDI as approximately US$303 million and the deal was expected to close in late July/early August 2021. Novo, headquartered in Zeeland, Michigan, is a manufacturer and value-added distributor of mouldings, millwork and stair parts with more than 1,400 employees; Blue Wolf had owned Novo since 2016.
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June 2, 2021
- Buyer
- The Vision Group, Novatech Group, Thermoplast Extrusions
- Target
- ENERGI Fenestration Solutions, Ltd.
- Seller
- OpenGate Capital
- Industry
- Building Products
- Location
- Ontario, Canada
- Type
- Divestiture
OpenGate Capital realized its portfolio company ENERGI Fenestration Solutions in a multi‑party sale that split the business by operations. The Vision Group acquired ENERGI's U.S. operations, Novatech Group acquired the Terrebonne patio door division, and Thermoplast Extrusions acquired the Laval extrusions business; transaction terms were not disclosed.
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May 20, 2021
- Buyer
- Saint-Gobain
- Target
- Chryso
- Seller
- Cinven
- Industry
- Building Products
- Location
- Hauts-de-Seine, France
- Type
- Divestiture
Saint-Gobain has agreed to acquire Chryso, a global specialist in construction chemicals, from private equity firm Cinven. Headquartered in France, Chryso operates 35 industrial sites and five R&D centres, employs about 1,300 people and serves customers across more than 100 countries; the transaction is expected to close in the second half of 2021 subject to customary approvals.
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- Buyer
- H.I.G. Capital
- Target
- Travis Perkins Plc Plumbing & Heating business (P&H)
- Seller
- Travis Perkins Plc
- Industry
- Building Products
- Location
- Northamptonshire, United Kingdom
- Type
- Divestiture
H.I.G. Capital has signed a definitive agreement to acquire Travis Perkins Plc's Plumbing & Heating business (P&H) in a divestiture valued at approximately £325 million. The carved-out business, which trades under City Plumbing Supplies and Plumbing Trade Solutions and operates more than 350 branches across the UK and Ireland with over 3,000 employees, will be transitioned to an independent company to accelerate customer-focused growth under H.I.G.'s ownership.
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April 30, 2021
- Buyer
- Muraflex, Inc.
- Target
- Groupe LMT, Inc.
- Seller
- Calvert Street
- Industry
- Building Products
- Location
- Quebec, Canada
- Type
- Divestiture
Muraflex, Inc. has acquired Groupe LMT, Inc. from private equity owner Calvert Street. LMT is a leading manufacturer and distributor of architectural doors, frames and hardware in Eastern Canada; Muraflex said the acquisition expands its U.S. distribution network and adds complementary product lines.
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April 22, 2021
- Buyer
- Lowe's Companies, Inc.
- Target
- STAINMASTER
- Seller
- Invista
- Industry
- Building Products
- Location
- Georgia, United States
- Type
- Divestiture
Lowe’s Companies, Inc. acquired the STAINMASTER brand and related intellectual property from its parent company, Invista, to expand Lowe’s private brand assortment and advance its Total Home strategy. The deal transfers trademarks and brand-related IP to Lowe’s, enabling the retailer to extend STAINMASTER into additional product categories and strengthen its flooring and home products offering.
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March 12, 2021
- Buyer
- AURELIUS Equity Opportunities SE & Co. KGaA
- Target
- HÜPPE GmbH
- Seller
- Masco Corporation
- Industry
- Building Products
- Location
- Germany
- Type
- Divestiture
AURELIUS Equity Opportunities SE & Co. KGaA has completed the acquisition of HÜPPE GmbH from Masco Corporation. HÜPPE is a leading European manufacturer of shower enclosures, trays, wall panels and bathroom accessories (c. EUR 70m revenue in 2020, ~470 employees); AURELIUS plans to support a carve-out, implement operational efficiencies and pursue organic growth and future add-on acquisitions.
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- Buyer
- Fabcon Precast
- Target
- Building Services Division (BSD) of Oldcastle Infrastructure
- Seller
- Oldcastle Infrastructure
- Industry
- Building Products
- Location
- New York, United States
- Type
- Divestiture
Minneapolis-based Fabcon Precast has acquired the assets of the Building Services Division (BSD) from Oldcastle Infrastructure, including the Selkirk, New York manufacturing facility and associated precast product lines. The acquisition adds hollowcore planks, columns, beams and wall panels to Fabcon’s portfolio, expanding its production capacity and strengthening its position in the Northeastern U.S. market.
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February 1, 2021
- Buyer
- Clayton, Dubilier & Rice, Wolseley management
- Target
- Wolseley UK
- Seller
- Ferguson plc
- Industry
- Building Products
- Location
- United Kingdom
- Type
- Divestiture
Clayton, Dubilier & Rice (CD&R) completed the acquisition of Wolseley UK from Ferguson plc in a carve-out divestiture valued at £308 million. Wolseley — a leading UK distributor of plumbing, heating, climate control, pipe and infrastructure products with ~542 branches, ~5,000 employees and ~£1.5 billion revenue in FY2020 — will be owned by CD&R funds alongside Wolseley management and run as an independent company to accelerate growth and pursue operational improvements.
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February 1, 2021
- Buyer
- Metal-Era LLC
- Target
- Edge Metal Products (OMG Roofing Products' metal roof edge product line; rebranded as Hickman Edge Systems LLC)
- Seller
- OMG Roofing Products
- Industry
- Building Products
- Location
- North Carolina, United States
- Type
- Divestiture
Metal-Era LLC, based in Waukesha, Wisconsin, acquired the metal roof edge product line, manufacturing operation, plant, equipment, team and brand rights for Hickman from OMG Roofing Products. The Asheville, North Carolina manufacturing operation and Hickman brand will be rebranded as Hickman Edge Systems LLC and integrated into Metal-Era’s product portfolio to expand its perimeter edge metal offering.
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- Buyer
- Envision Building Products, LLC, TAMKO Holdings, Inc.
- Target
- Fairway Architectural Railing Solutions
- Seller
- Argosy Private Equity
- Industry
- Building Products
- Location
- Pennsylvania, United States
- Type
- Divestiture
Envision Building Products, a subsidiary of family-owned TAMKO Holdings, acquired Fairway Architectural Railing Solutions from Argosy Private Equity on December 31, 2020. Fairway, headquartered in Mt. Joy, Pennsylvania, is a designer and manufacturer of non-wood railing systems with manufacturing facilities in Mt. Joy, PA; Hamilton, NJ; and York, NE; the acquisition expands Envision/TAMKO’s outdoor living and railing product capabilities and geographic footprint.
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January 20, 2021
- Buyer
- Roca Sanitario S.A.
- Target
- RG International Bathroom (bathroom furniture division)
- Seller
- H.I.G. Capital, Royo family
- Industry
- Building Products
- Location
- Valencian Community, Spain
- Type
- Divestiture
Roca Sanitario S.A. has agreed to buy the bathroom furniture division of RG International Bathroom (RGIB) from H.I.G. Capital and the Royo family. The Royo family will retain a minority stake in the sold division while H.I.G. and the Royo family will remain shareholders in RGIB's shower tray business (Fiora); the deal is subject to antitrust approvals in certain European markets.
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