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Cornerstone Building Brands completes acquisition of Harvey Building Products to broaden exposure to Repair-and-Remodel End Market

Apr 23, 2024over 1 year ago

Acquiring Company

Cornerstone Building Brands

Acquired Company

Harvey Building Products

Cary

Description

Cornerstone Building Brands, Inc. has successfully completed its acquisition of Harvey Building Products Corp. and its portfolio of industry-leading brands including Harvey®, SoftLite®, and Thermo-Tech®. This strategic acquisition enhances Cornerstone Building Brands’ offering in the Repair and Remodel (“R&R”) end market and strengthens its position in distribution and dealer channels.

Company Information

Company

Cornerstone Building Brands

Location

Cary, Illinois, United States

About

Cornerstone is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., Cornerstone serves residential and commercial customers across the new construction and repair and remodel markets. Cornerstone’s market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, insulated metal panels, metal roofing, metal wall systems, and metal accessories. Cornerstone’s 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 deeply embedded in Cornerstone’s culture. For more information, visit www.cornerstonebuildingbrands.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed