Cornerstone Building Brands completes acquisition of Harvey Building Products to broaden exposure to Repair-and-Remodel End Market
Apr 23, 2024•over 1 year ago
Acquiring Company
Cornerstone Building Brands
Acquired Company
Harvey Building Products
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.
M&A Insights
Based on deal dataIntegration 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