OpenGate to acquire Royal W&D
March 3, 2016 By OpenGate Capital
Mar. 3, 2016 – – OpenGate Capital has announced that it has signed an agreement to acquire the Window & Door division of Royal Building Products, a manufacturer of vinyl window profiles and patio doors, from Axiall Corporation. The transaction is expected to close March 31, 2016. Financial terms of the transaction were not disclosed.
The Window & Door division of Royal Building Products was founded more than 40 years ago and is a leading manufacturer of rigid and cellular vinyl window and patio door profiles, as well as interior vinyl shutters and other extruded vinyl products for a variety of applications. Royal W&D is headquartered in Ontario, Canada with seven manufacturing sites in the United States and Canada.
Axiall Corporation is divesting Royal W&D as part of its overall strategy to focus on core businesses.
The acquisition of Royal W&D is the third transaction announced by OpenGate in the past three months following OpenGate’s acquisition of Power Partners, Inc., a US-based power transformer business in January, 2016, and the signing of a definitive purchase agreement to acquire Bois & Matériaux, a France-based building supplies business in November, 2015.
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