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Cornerstone Building Brands Acquires Kleary Masonry, Inc., Expands Turnkey Stone Solutions
Thursday 05 March 2020

5 March 2020 - North Carolina, US-based exterior building solutions company Cornerstone Building Brands, Inc. (NYSE: CNR) has acquired California-based stone veneer installer Kleary Masonry, Inc. to strengthen turnkey stone veneer offering, the company said.

Terms of the transaction were not disclosed. The acquisition was funded with cash on hand and through borrowings under the company's existing credit facilities.

Kleary offers additional opportunities across builder and contractor networks, including the potential to cross-sell stone cladding and installed services into commercial buildings business.

Cornerstone Building Brands is a manufacturer of exterior building products in North America. The company serves residential and commercial customers across new construction and the repair and remodel markets.
Date Published: 05/03/2020
Target: Kleary Masonry, Inc
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Buyer: Cornerstone Building Brands
Terms of the deal were not disclosed