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NCI Building Systems and Ply Gem Building Products Create Cornerstone Building Brands Following Merger
Monday 15 April 2019

15 April 2019 - US-based metal building systems and components manufacturer NCI Building Systems, Inc. (NYSE: NCS), which recently merged with Ply Gem Building Products, will officially operate as Cornerstone Building Brands and trade under the ticker symbol "CNR" on the New York Stock Exchange effective 24 May, the company said.

The new name represents the company's unified commitment to business transformation that will drive future growth and effectively serve customers and communities across North America.

The term Cornerstone, which is the foundation upon which something greater is built, refers to and emphasizes the essential role the company's products and solutions play in residential and commercial projects, from churches and schools to hospitals, homes, government buildings and more.

Offering a product portfolio that will continue to go to market through their existing brand names, Cornerstone Building Brands is in windows, vinyl siding, insulated metal panels, metal roofing and wall systems and metal accessories. 

With its manufacturing facilities strategically located across North America, Cornerstone Building Brands brings a commitment to advanced manufacturing, innovation and research and development.

The company is also focused implementing and executing several community-focused programmes including the Home for Good project, a campaign that will continue to serve as a key corporate initiative and has helped build and remodel more than 500 homes in 90 communities across the US since 2016.

Furthermore, the company offers help to its workforce through an employee assistance programme that supports those who are facing financial hardship following natural disasters or unforeseen personal hardship.

The changes to the company's name and ticker symbol are expected to be effective following shareholder approval at the company's annual meeting of Shareholders being held on May 23, 2019.

Cornerstone Building Brands is the largest manufacturer of exterior building products in North America. Headquartered in Cary, North Carolina, the organisation serves residential and commercial customers across new construction and repair and remodel market.
Details
Date Published: 15/04/2019
Target: Ply Gem Building Products
Country: USA
Sector: Construction/Real Estate
Type: Restructuring
Financing:
Status: Agreed
Vendor:
Buyer: NCI Building Systems
Comment:
Company to rebrand as Cornerstone Building Brands

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